Sarah and Varsha were partners in a firm sharing profits and losses in the ratio of \( 3 : 2 \). Their Balance Sheet as at 31\textsuperscript{st March, 2023 was as follows:}
\[
\begin{array}{|l|c|c|}
\hline
Liabilities & Amount (₹) & Assets & Amount (₹)
\hline
\text{Capital:} & & \text{Plant and Machinery} & 2,00,000
\text{Sarah} & 60,000 & \text{Stock} & 30,000
\text{Varsha} & 50,000 & \text{Debtors} & 50,000
\text{Workmen’s Compensation Fund} & 20,000 & \text{Less: Provision} & 5,000
\text{Provident Fund} & 1,20,000 & \text{Cash} & 25,000
\text{Creditors} & 50,000 & &
\hline
\text{Total} & 3,00,000 & \text{Total} & 3,00,000
\hline
\end{array}
\]
On 1\textsuperscript{st April, 2023, they decided to admit Tasha as a new partner for \( \frac{1}{4} \) share in the profits of the firm on the following terms:}
Tasha brought ₹ 40,000 as her capital and ₹ 20,000 as her share of premium for goodwill.
Plant and Machinery was valued at ₹ 1,90,000.
An item of ₹ 20,000, included in creditors, is not likely to be claimed and should be written off.
Capitals of the partners in the new firm are to be in the new profit-sharing ratio on the basis of Tasha’s capital, by bringing or paying off cash, as the case may be.
Prepare Revaluation Account and Partners’ Capital Accounts.