Bittu and Chintu were partners in a firm sharing profit and losses in the ratio of 4 : 3. Their Balance Sheet as at 31st March, 2024 was as follows:
On 1st April, 2024, Diya was admitted in the firm for \( \frac{1}{7} \)th share in the profits on the following terms:
Prepare Revaluation Account and Partners' Capital Accounts.
The inverses of exponential functions are the logarithmic functions. The exponential function is y = ax and its inverse is x = ay. The logarithmic function y = logax is derived as the equivalent to the exponential equation x = ay. y = logax only under the following conditions: x = ay, (where, a > 0, and a≠1). In totality, it is called the logarithmic function with base a.
The domain of a logarithmic function is real numbers greater than 0, and the range is real numbers. The graph of y = logax is symmetrical to the graph of y = ax w.r.t. the line y = x. This relationship is true for any of the exponential functions and their inverse.
Exponential functions have the formation as:
f(x)=bx
where,
b = the base
x = the exponent (or power)