Rajinder and surinder are partners in a firm sharing profit in the ratio 4:1on april15,2015,they admit narender as a new partner. On that date there was a balance of 20,000 in general reserve and a debit balance of 10,000 in the profit and loss account of the firm. On that date the firm had also a joint life policy for 30,000 (surrender value of 15,000).pass necessary journal entries