A & B are sharing profits and losses in the ratio of $3:2$. C joins the firm for $1/3$rd share and is to pay Rs.$20,000$ as permium for goodwill but cannot pay anything. As between A & B, they decided to share profits and losses equally. Required journal entry A Capital A/c Dr. B Capital A/c Dr. To Coodwill A/c $36,000$ $24,000$ $60,000$ Goodwill A/c Dr. To A Capitla A/c To B Capital A/c $60,000$ $36,000$ $24,000$ Goodwill A/c Dr, To A Capital A/c To B Capital A/c $60,000$ $30,000$ $30,000$ Premium for Goodwill A/c Dr. To A Capital A/c To B Capital A/c $60,000$ $24,000$ $36,000$