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.