William and Rayan are the partners in a firm sharing profits in the ratio of 3:2. Their Balance sheet as at 31st March, 2020 was as follows:On the above date, Clement was admitted for 1/5th share in the profits which he acquired equally from William and Rayan on the following terms:(i) Clement will bring ₹ 30,000 as his capital and ₹10,000 for his share of goodwill premium. (ii) Investments of ₹ 2,500 not mentioned in the Balance Sheet were to be taken in to account. (iii) A creditor of ₹ 2,100 not likely to claim Based on above information answer the following.1. What will be the new ratio? a) 3:2:1 b) 5:3:2 c) 6:4:2 d) 2:2:1 2. What is the correct treatment of Investments?a) Debited to Revaluation A/c b) Credited to Revaluation A/c c) Debited to Partners’ capital A/c d) There is no treatment at the time of admission3. How much amount will record as creditors in new Balance sheet? a) 2100 b) 22,100 c) 18,900 d) 17,9004 . What is the share of General Reserve for Clement? a) 1,000 b) 5,000 c) 2000 d) No share in General Reserve