Recording goodwill-partnership accounts

WHEN THE GOODWILL ALREADY APPEARS IN THE BALANCE SHEET AT THE TIME OF ADMISSION OF PARTNER THAN WE ARE REQUIRED IT TO WRITE IT OFF. THIS IS BECAUSE ONLY THE PURCHASED GOODWILL CAN BE SHOWN IN BALANCE SHEET. ONE CAN'T SHOW THE SELF GENERATED GOODWILL IN BALANCE SHEET. PURCHASE GOODWILL SIMPLY MEANS PAYING MORE FOR SOMETHING THAN ITS REAL VALUE FOR EG. IF ONE COMPANY PURCHASE THE BUSINESS OF ANOTHER COMPANY AND PURCHASING COMPANY TAKEOVER THE NET ASSET WORTHING RS. 50 LAKHS IN 60 LAKHS THAN THE ADDITONAL PAYMENT OF 10 LAKHS MADE BY THE PURCHASING COMPANY WILL BE TERMED AS PAYMENT FOR GOODWILL AND IT IS A KIND OF CAPITAL LOSS FOR ANY COMPANY AND ONLY SUCH TYPE OF PURCHASED GOODWILL CAN BE SHOWN IN BALNCE SHEET. AT THE TIME OF ADMISSION IF GOODWILL APPEARS IN THE BALANCE SHEET THAN IT MEANS THE CAPITAL LOSS EARNED BY OLD PARTNERS AND IF WE DO NOT WRITE IT OFF AT THE TIME OF ADMISSION THAN WHEN IT WILL WRITE IT OFF IN NEAR FUTURE THAN OLD PARTNER WILL ALSO HAVE TO BEAR SUCH CAPITAL LOSS WHICH HE DIDN'T EARNED . SIMILAR  TRATMENT AT THE TIME OF RETIREMENT AND DEATH OF PARTNER.

EVERY TIME WHENEVER THE PARTNER ADMIT OR DEATH OR RETIRES THAN WE HAVE TO MAKE THE GOODWILL ADJUSTMENT.

THE ADJUSTMENT WILL BDONE IN THE FOLLWING MANNER

TREATMENT 1 = RAISE THE NEW CALCULATED GOODWILL IN THE OLD PSR RATIO BETWEEN OLD PARNERS AND WRITE IT OFF IN THE NEW PSR RATIO AMONG ALL THE PARNERS ( INCLUDING ADMITTED PARTNER)

TREATMENT 2 = STEP 1 : CALCULATE THE GOODWILL ( FOR FG. SUPPOSE THE CALCULATED GOODWILL IS RS. 5000 AND THERE ARE 2 PARTNERS SAY X AND Y  PSR IS 1:1 )                  

                               STEP 2 :  SUPPOSE NEW PARTNER SAY Z  ADMIT HAVING I/3 SHARE .

THE NECESSARY ADJUSMENT OF GOODWIL WILLBE DONE AS..............

                   X                                       Y

             2500 ( CREDIT)            2500( CREDIT)

               (5000*1/2)                     (5000*1/2)

                     X                                        Y                                     Z

           1666.66 ( DEBIT)                1666.66 ( DEBIT )          1666.66 (DEBIT)

             (5000*1/3)                               (5000*1/3)                        (5000*1/3)   

           833.33 ( CREDIT)                  833.33 ( CREDIT )             1666.66 ( DEBIT )

AFTER DOING SUCH ADJUSTMENT PASS THE ENTRY AS ............................

                Z'S CAPITAL A/C          Dr.              1666.66

                           TO X' S CAPITAL A/C                    833.33

                           TO Y'S CAPITAL A/C                     833.33

 SAME TREATMENT IS DONE AT THE TIME OF DEATH AND RETIREMENT 

 IF U FURTHER HAVE ANY DOUBT THAN U ARE FREE TO ASK FROM ME. 

AND ALSO CONFIRM MY SOLUTION FROM SOME EXPERTS........................       

thank u.....

even im confused with concept of goodwill.....

can u please explain in case of retirement of a partner and also in case of

admission cum retirement in the same way............

I don't know if you're still active on this website but how is this capital loss for any firm? Is there any accounting reason given by any trusted source like any college or even ICAI? I am just a student but I can't digest this without any reliable source which tells us that yes it is a capital loss, I am not trying to defame you and your answer also helps me connecting this same logic to other concepts like why is goodwill deducted from owner's capital when calculating capital employed because it's some kind of capital loss which didn't go through the p&l and just sitting on the balance sheet but I highly request you if you're seeing this reply to answer my question. Thank you.