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X and 7 are partners sharing profits and losses in the ratio of 3 : 2. They admit Z into partnership with \(\frac{1}{5}\)th share in profits which he acquires equally from A and Y. Z brings in ₹40,000 as goodwill in cash. Goodwill amount will be credited to :

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X and 7 are partners sharing profits and losses in the ratio of 3 : 2. They admit Z into partnership with \(\frac{1}{5}\)th share in profits which he acquires equally from A and Y. Z brings in ₹40,000 as goodwill in cash. Goodwill amount will be credited to :






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