There are two partners (X and Y) in a partnership and they share profits and losses equally. At the end of the year Y decides to retire and a new partner Z joins. X and Z agree to share profits and losses in the ratio 75%:25%. Goodwill is valued at £50,000. What will the net adjustment for goodwill be to the
Partners' capital accounts?

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The Answer of There are two partners (X and Y) in a partnership and they share profits and losses equally. At the end of the year Y decides to retire and a new partner Z joins. X and Z agree to share profits and losses in the ratio 75%:25%. Goodwill is valued at £50,000. What will the net adjustment for goodwill be to the
Partners' capital accounts?

There Are Two Partners (X and Y) in a Partnership