Mrinal and Nihaal are two partners in a firm sharing profits and losses in the ratio 3 2 with f...........

Mrinal and Nihaal are two partners in a firm sharing profits and losses in the ratio 3:2 with fixed capitals. On 1st April, 2021, they admit Gaurav as a new partner for 1/6th share in the profits. Gaurav brings 4,00,000 for his capital but could not bring any amount for goodwill. The firm's goodwill on Gaurav's admission was valued at 3,00,000.

For the adjustment of goodwill, which of the following journal entries will be passed

Gaurav's Current A/c Dr. rs50,000

To Mrinal's Current A/c rs30,000
To Nihaal's Current A/c rs 20,000

Gaurav's Capital A/c Dr. Z50,000

lb Mrinal's Current A/c rs 30,000
lb Nihaal's Current A/c rs20,000

Gaurav's Capital A/c Dr. rs30,000

To Mrinal's Current A/c rs30,000

Gaurav's Current A/c Dr. rs30,000

To Nihaal's Current A/c rs 30,000

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