That's what I'm saying it said 'Goodwill is valued at 6k' not 'Goodwill is valued at 6k, it is not to be shown in the books of accounts'Capital was 40,000
Good will was 60,000
First we'd divide the good will in old profit sharing ratio.
And then write off in new profit sharing ratio, this means that it'd be 28,000
As when writing off, it was coming, 18,000
40,000 - 18,000 = 22000