At the time of admission of a new partner, under the fixed capital method, if the sacrificing partners withdraw their share of goodwill (fully or partly), the following journal entry will be passed:
1. Sacrificing Partners' Capital A/c Dr.
To Bank A/c
2. Sacrificing Partners' Current A/c Dr.
To Bank A/c
3. Gaining Partners' Current A/c Dr.
To Bank A/c
4. Gaining Partners' Capital A/c Dr.
To Bank A/c

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2. Sacrificing Partners' Current A/c Dr.
To Bank A/c

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