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Ashu and Nishu are partners in a firm sharing profits in the ratio of 3 : 2. They admit Vishu as a new partner. The new profit sharing ratio of Ashu, Nishu and Vishu will be 5 : 5 : 3. Vishu contributed the following assets towards his capital and for his share of goodwill. Stock Rs. 1,67,000, debtors Rs. 1,40,000 (less provision for doubtful debts of 5%), land Rs. 1,00,000 and plant and machinery Rs. 1,80,000. On the date of admission of Vishu, the goodwill of the firm was valued at Rs. 13,00,000. Record the necessary journal entries in the books of the firm on Vishu's admission.

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