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.
Logarithmic differentiation is a method to find the derivatives of some complicated functions, using logarithms. There are cases in which differentiating the logarithm of a given function is simpler as compared to differentiating the function itself. By the proper usage of properties of logarithms and chain rule finding, the derivatives become easy. This concept is applicable to nearly all the non-zero functions which are differentiable in nature.
Therefore, in calculus, the differentiation of some complex functions is done by taking logarithms and then the logarithmic derivative is utilized to solve such a function.