Given below are two statements:
Statement-I: There were sections of Soviet society which felt that Gorbachev should have moved much faster and were disappointed and impatient with his methods.
Statement-II: Communist Party and those who were served by the system felt that their power and privileges were eroding and Gorbachev was moving too quickly.
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.