From the type of workers given in Column I, identify the correct nature of work in Column II:
Cement shop owner: Classified as self-employed because they manage and operate their own business.
Construction worker: Categorized as a casual wage worker due to temporary and project-based work.
Civil engineer: Falls under regular salaried, as they are typically employed by organizations on a long-term basis.
During the British rule, India’s foreign trade had various features except _________ .
Rupal, Shanu and Trisha were partners in a firm sharing profits and losses in the ratio of 4:3:1. Their Balance Sheet as at 31st March, 2024 was as follows:
(i) Trisha's share of profit was entirely taken by Shanu.
(ii) Fixed assets were found to be undervalued by Rs 2,40,000.
(iii) Stock was revalued at Rs 2,00,000.
(iv) Goodwill of the firm was valued at Rs 8,00,000 on Trisha's retirement.
(v) The total capital of the new firm was fixed at Rs 16,00,000 which was adjusted according to the new profit sharing ratio of the partners. For this necessary cash was paid off or brought in by the partners as the case may be.
Prepare Revaluation Account and Partners' Capital Accounts.