Where will the profit or loss on Revaluation Account be transferred to?

Naveen and Ghanshyam are partners in a firm sharing profits in the ratio of 3:2. They admitted Daniel as a new partner for 1/4 share. The new profit sharing ratio between Naveen and Ghanshyam will be 2:1. Calculate the New profit sharing ratio of Naveen, Ghanshyam and Daniel :

A, B and C are partners in a firm. If D is admitted as a new partner then:

A business has earned average profits of Rs. 1,00,000 during the last few years and the normal rate of return in a similar business is 25%. Ascertain the value of goodwill by capitalisation of average profits method, given that the value of net assets of the business is Rs. 3,20,000.

Find out gain or loss of Revaluation A/c from the given information:

1. The fixed assets should be valued at Rs. 3,31,000 (book value Rs. 2,80,000).
2. A provision of 5% on sundry debtors be made doubtful debts (Debtors amounted to Rs. 90,000).
3. The value of stock be reduced to Rs. 1,12,000 (book value 1,90,000).

What will be the value of goodwill by Capitalisation of Average Profit Method?

Average profit: Rs. 2,00,000

Normal rate of return: 10%

Value of net assets of business: Rs.12,00,000

Revaluation Account is :-