Case 3 Salim and Yousuf are partners in a firm sharing profits and losses in the ratio of 3:1. Ali is admitted into partnership for 1/4 share in profits. He brings OMR 20,000 as capital. But he is not in a position to bring any amount for his share of goodwill which has been valued at OMR 24,000. i) Give necessary journal entries under each of the following situations. a) When there is no goodwill appearing in the books of the firm. (2 marks) b) When the goodwill appears at OMR 20,000 in the books of the firm (2 marks) c) When the goodwill appears at OMR 30,000 in the books of the firm (2 marks) ii) Explain how will you deal with goodwill when new partner not in a position to bring his share in goodwill (4 marks)