Ashish and Nimish were partners in a firm sharing profits and losses in the ratio of 3: 2. Balance sheet of Ashish and Nimish was as follows.Geeta was admitted into the partnership for ¼ th share in the profits on the following terms:(i) Goodwill of the firm was valued at ₹2, 00,000. (ii) Geeta brought ₹ 3, 00,000 as her capital and her share of goodwill premium in cash. (iii) Bad debts amounted to ₹ 1,000. Create a provision for doubtful debts @ 5% on debtor (iv) The liability against workmen’s compensation fund was determined at ₹30,000.Based on above information answer the following;1. What will be the new ratio? a) 3:2:1 b) 3:2:5 c) 9:6:5 d) 5:3:2 2. What is the amount of provision for doubtful debts to be created? a) 4500 b) 4450 c) 4400 d) 4550 3. What is the amount of premium contributed by Geeta? a) 2,00,000 b) 50,000c) 3,00,000 d) 5,000 4. Which amount will be debited to revaluation a/c as workmen compensation claim a) 20,000 b) 30,000 c) 50,000 d) 10,000