Rohit and Mohit were partners in a firm sharing profits and losses in the $\displaystyle 1$ share in profits. ratio of $\displaystyle 3$ : 2. Rahul was admitted into partnership for $\displaystyle 3$ Goodwill of the firm was valued at ₹ $\displaystyle 30$,000. Rahul brought ₹ $\displaystyle 40,000$ as capital and ₹ $\displaystyle 5,000$ out of his share of goodwill premium in cash. At the time of Rahul's admission, goodwill was appearing in the books of the firm at ₹ $\displaystyle 15$,000. Pass necessary journal entries for the above transactions in the books of the firm on Rahul's admission.

Books of Rohit and Mohit Journal Date Particulars L.F Dr. Amount Cr. Amount ₹ ₹ Rohit’s Capital A/c Dr. $\displaystyle 9,000$ Mohit’s Capital A/c Dr. $\displaystyle 6,000$ To Goodwill A/c $\displaystyle 15,000$ (Goodwill appearing in books written off in old ratio $\displaystyle 3$:$\displaystyle 2$) Page $\displaystyle 5$ Cash/Bank A/c Dr. $\displaystyle 45,000$ To Rahul’s Capital A/c $\displaystyle 40,000$ To Premium for Goodwill A/c $\displaystyle 5,000$ (Capital & part of premium for Goodwill brought by Rahul) Premium for Goodwill A/c Dr. $\displaystyle 5,000$ Rahul’s Current A/c Dr. $\displaystyle 5,000$ To Rohit’s Capital A/c $\displaystyle 6,000$ To Mohit’s Capital A/c $\displaystyle 4,000$ (Premium for goodwill adjusted between sacrificing Partners in sacrificing ratio $\displaystyle 3$:$\displaystyle 2$)