A and B are partners sharing profits and losses in the ratio of 5:3.C is admitted as a new partner for 1/5th share. C brings RO. 50,000 as his capital but he is not able to bring his share of Goodwill in cash. Total Goodwill of the firm is RO. 60,000. Pass necessary journal entries when in the books of A and B: No Goodwill already appears. Goodwill already appears at RO. 24,000, Which one of the following values at which inventory is recorded at the time of purchasing? O a. Cost price O b. Replacement cost c. Cost price or market value which ever is less O d. Market value