In case question is silent about whether the new partner is bringing or not bringing his share of goodwill, we can safely assume that he is not bringing his share of goodwill. This is because when the question positively asserts that he is bringing this much amount of capital, the question would have also mentioned the total amount bring brough including goodwill. Let us understand this with the help of an example:
Question: A & B who share profits equally admit C for 1/3 share in the firm. For this purpose goodwill is valued at Rs.60000. C brings Rs.100000 as capital. Journalise.
Bank A/c Dr. 100000
To C's Capital A/c 100000
C's Capital A/c or Current A/c Dr. 20000
To A's Capital A/c or Current A/c 10000
To B's Capital A/c or Current A/c 10000
(C being debited for his share of goodwill and A and B being credited in their sacrificing ratio 1: 1).
Note: 1. If fixed capital A/c method is followed, then debit and credits will be done in current accounts otherwise in capital accounts.
2. As you all know there are no free lunches. Practically C has to pay for his share of goodwill. Actually this arrangement means that he is not able to bring money for goodwill now but he will make up for this later on either by bringing cash or withdrawing less. For example if his share of profits during the year is Rs.30000 and he withdraws only Rs.10000, leaving Rs.20000 in business. In this way either his capital account will increase by Rs.20000 or debit in his current account will reduce by Rs.20000.