No, Derry will not get back to his seclusion.The brief association of Derry with Mr. Lamb boosted his self-confidence and helped him to respect his own self. The manner in which the old man made Derry realize the importance of his being self-dependent, of respecting himself and of holding on to hope helped Derry undergo a remarkable change. The new found self-esteem makes him tell his mother that his looks are not important.He starts believing in his strengths rather than his appearance.
It is not likely that the death of Mr. Lamb would take him back to his secluded life. This big change in him is definitely there to stay and would not be undone due to setbacks.
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.