The poet uses the imagery of psaltery to outline the summer’s day more picturesquely than a painter could. Furthermore, the poet uses various phrases to explain the scenic beauty of the sun hiding between the clouds, the insects humming, the wind playing through the leaves, and the birds chirping. All these instances in the poem highlight that it is a perfect musical beauty on a summer day. In this unique way, the poet tries to represent the various elements and portrays them more beautifully than any painter.
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.