Ram and Shyam were partners in a firm sharing profits and losses in the ratio of 2:1. Mohan was admitted for 1/3^rd share in the profits. On the date of Mohan’s admission, the Balance sheet of Ram and Shyam showed General Reserve of Rs. 2,50,000 and a credit balance of Rs. 50,000 in the profit & loss account. Pass the necessary Journal entries on the treatment of these items on Mohan’s admission.