Step 1: Derive the formula for induced emf. The magnetic flux \(\Phi\) through the coil at any time \(t\) is given by: \[ \Phi = B \cdot A \cdot \cos(\omega t) \] where \(B\) is the magnetic field strength, \(A\) is the area of the coil, and \(\omega t\) is the angle made by the normal to the coil with the magnetic field due to its rotation.
Step 2: Apply Faraday's Law of Electromagnetic Induction. Faraday's law states that the induced emf (\(\mathcal{E}\)) in the coil is equal to the negative rate of change of magnetic flux through the coil: \[ \mathcal{E} = -N \frac{d\Phi}{dt} \] Differentiating the flux equation with respect to time gives: \[ \frac{d\Phi}{dt} = -B \cdot A \cdot \omega \sin(\omega t) \] Therefore, the induced emf is: \[ \mathcal{E} = N \cdot B \cdot A \cdot \omega \sin(\omega t) \]
Manav and Namit were partners in a firm sharing profits and losses in the ratio of 3 : 2. Their Balance Sheet as at 31st March 2024 was as follows:
Liabilities | Assets | ||
---|---|---|---|
Capitals: | Machinery | ₹8,00,000 | |
Manav | ₹4,00,000 | Investments | ₹5,00,000 |
Namit | ₹6,00,000 | Debtors | ₹12,00,000 |
Bank Overdraft | ₹9,00,000 | Stock | ₹3,00,000 |
Creditors | ₹10,00,000 | Cash in Hand | ₹1,00,000 |
Total | ₹29,00,000 | Total | ₹29,00,000 |
The firm was dissolved on the above date and the following transactions took place:
[(i)] Stock was given to creditors in full settlement of their account.
[(ii)] Investments were taken over by Manav at 120% of book value.
[(iii)] Bad debts amounted to ₹ 2,00,000.
[(iv)] Machinery was realised at 50% discount.
[(v)] Realisation expenses amounted to ₹ 1,00,000 which were paid by Namit.
Prepare Realisation Account.