Mohan and Sohan were partners in a firm sharing profits and losses in the ratio of 3 : 2. They admitted Ram for 1/4th share on 1st April, 2019. It was agreed that goodwill of the will be valued at 3 year's purchase of the average profit of last 4 years ended 31st March, were RS.50,000 for 2015-16, RS.60,000 for 2016-17, RS.90,000 for 2017-18 and RS.70,000 for 2018-19. Ram did and not bring his share of goodwill premium in cash. Record the necessary Journal entries in the books of the firm on Ram's admission when:
(a) Goodwill appears in the books at RS.2,02,500. (b) Goodwill appears in the books at RS.2,500.
(c) Good will appears in the books at RS.2,05,000.

Explanation

Value of Goodwill -RS.2,02,500.
(a) (i) Dr. Mohan's Capital A/c-RS.1,21,500 and Sohan's Capital A/c-81,000, Cr.Goodwill A/c-RS.2,02,500.
(ii) Dr.Ram's Capital A/c -RS.50,625, Cr. Mohan's Capital A/c-RS.30,375 and Sahan's Capital A/c-RS.20,250.
(b) (i) Dr. Mohan's Capital A/c-RS.1,500 and Sohan's Capital A/c-RS.1,000, Cr. Goodwill A/c-RS.2,500.
(ii) Dr. Ram's Capital A/c-RS.50,625, Cr. Mohan's Capital A/c-RS.30,375 and Sohan's Capital A/c-RS.20,500.
(c) (i) Dr. Mohan's Capital A/c-RS.1,23,000 and Sohan's Capital A/c-RS.82,000, Cr.Goodwill A/c-RS.2,05,000.
(ii) Dr. Ram's Capital A/c-RS.50,625, Cr.Mohan's Capital A/c-RS.30,375 and Sohan's Capital A/c-RS.20,250.