Q.   Hari Ravi and Kavi were partners in a firm sharing profits in the ratio of 3 :2:1 they admitted Guru as a new partner for on my 7th share in the profits the new profit sharing ratio will be 2 :2:2:1 respectively group brought 300000 for his capital and 45000 for his 1/7th share of goodwill so your working clearly pass necessary journal entries in the books of the form for the above-mentioned transactions