Yogesh, Mahesh and Ashish are partners sharing profits and losses in the ratio of 1 : 2 : 3. Nirdosh is admitted as a partner who brings ₹ 50,000 as his capital for 1/5th share in the profit

Yogesh, Mahesh and Ashish are partners sharing profits and losses in the ratio of 1 : 2 : 3. Nirdosh is admitted as a partner who brings ₹ 50,000 as his capital for 1/5th share in the profit. Goodwill of the firm is to be valued at an average of the last three financial years profits which were ₹ 62,500; ₹ 70,000 and ₹ 92,500 respectively. Nirdosh is unable to bring his share of premium for goodwill.

Give Jounral entries if goodwill already appears in the books at ₹ 60,000.