Correct Answer: Debited bank Rs 50,000 and credited premium for goodwill Rs 2,00,000

Solution : Answer = Debited bank Rs 50,000 and credited premium for goodwill Rs 2,00,000

Bank A/c Dr. 70,000
To D's Capital A/c 50,000
To Premium tor Goodwill A/c 20,000
(The amount of capital and goodwill/premium brought in cash, i.e,"Rs. 50,000 + Rs.20,000))

Bank A/c Dr. 1,10,000
Stock A/c Dr. 40,000
To C's Capital A/c 90,000
To Premium for Goodwill A/c 60,000
(The amount of capital and goodwill brought in cash, i.e., Rs. 50,000+Rs 60,000 and stock worth Rs. 40,000 for capital)

The premium for Goodwill A/c Dr. 80,000
Tout's Capital A/c 53,333
To B's Capital A/c 26,667
(The amount of goodwill/premium transferred to old partners in sacrificing ratio i.e., 2: 1)

Working Notes:
(1) Calculation of goodwill of D's share and C's share :

Value of the total goodwill of the firm = Rs. 2,00,000

Therefore, D's share of goodwill = Rs. $2,00,000 \times \frac{1}{10}=$ Rs. 20,000

C's share of goodwill = Rs. $2,00,000 \times \frac{3}{10}=$ Rs. 60,000

(2) Calculation of Sacrificing Ratio: Sacrifice Ratio = Old Ratio-New Ratio

A's Sacrifice =$\frac{2}{3}-\frac{4}{10}=\frac{8}{30}$

B's Sacrifice =$\frac{1}{3}-\frac{2}{10}=\frac{4}{30}$

Thus Sacrifice Ratio =$\frac{8}{30}: \frac{4}{30}=8: 4=2: 1$
Hence, the correct option is 3.