Tive one word of term to describe the following: -) An exchange of benefit for value Excess of Expenditure Amount owned by business to offer =) An obligation which may or may not be materialised v) Assets like Brand Value, copy right, Goodwill On st a April, 2019, Rina started a beauty parlour. She acquired -hop aid Rs.4,00,000 in to business bank Ale that the parlour has 31st Mar. 2020, when she She carried on she earned over the period. She has approached you to opt out the business results with following info. as on 31/03/2020 In addition to the shop & fitting, she has following possessions: Stack 26,00,000, Motor Car Purchased on 30/05/2020) Rs. 5,50,000, Cash at Bank 250,000. Based on her limited knowledge she charge depreciation of 2% p.a.on shop, fitting & 20% on car has told 5% you to p.a. on On 31.03.2020 Rs.1,40,000 was payable to Creditors, & $1,00,000 month from the business to a friend for money borrowed for business. She had withdrawn 20000 per From the above mentioned data answer the questions. dharaken you are required. to If the adjustment in the value of Assets & Liabilities, at, the time of admission of a partner shows gain (profit) it is credited to Capital Alc of a) the old partner in the old profit sharing ratio The old partners in their new profit sharing ratio All partners in their new profit sharing ratio None of the mentioned options Scanned by TapScanner