ABC HIGH SCHOOL
123 Education Lane, Knowledge City
July 5, 2025
NOTICE: EXTRA CURRICULAR CLUBS REGISTRATION
Dear Students,
We are pleased to inform you that our school is launching various extracurricular clubs to help you explore your interests and develop new skills. These clubs will operate every Wednesday from 2:00 PM to 3:30 PM beginning August 5, 2025.
The following clubs will be available:
Registration Details:
To register, please visit the school office or register online at www.abcschool.edu/clubs.
For more information, contact the organizing committee at clubs@abcschool.edu or visit room 205 during lunch break.
We encourage all students to participate and make the most of these opportunities!
Sincerely,
John Smith
Head, Organizing Committee
ABC High School
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.