‘Bhagavad Gita’ is described as Krishna's one-sided wisdom, despite the disastrous consequences; however, Sen believes that Arjuna's consistent and more sensible analysis of ‘faring well’ should also be placed in the context of today's violent world. Looking back Sen suggests that the interpretation of Bhagavad Gita needs to supplement Mahabharata's broader argumentation wisdom.
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.