Yes, the carousing at the wedding hall was illusionary. Dr Margolin met with an accident on the way to the wedding hall and was the victim of the accident. Raizel, who the Nazis shot, was dead for a long time now, and Dr Margolin could see her because of his death. His astral body was hovering in the twilight world. Both were missing their physical appearance, and in fact, were in spiritual forms.
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.