Primary Sewage treatment | Secondary sewage treatment | |
It is a mechanical process involving the removal of coarse solid materials. | 1 | It is a biological process involving the action of microbes. |
It is inexpensive and relatively less complicated. | 2 | It is a very expensive and complicated process. |
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.
There are several valuable microorganisms that are beneficial to humans in various manners such as: