X, Y, Z were partners sharing profits and losses in the ratio of 1:2:3. Z retired and his capital after making all adjustments is ₹220000. X & Y agreed to pay him ₹250000 in full settlement of his claim. The new profit-sharing ratio is 1:3.

Pass the journal entry for the adjustment of goodwill.

X's Capital A/c    Dr.  ₹5000
Y's Capital A/c    Dr.  ₹25000
      To Z's Capital A/c         ₹30000

Goodwill is distributed in gaining ratio means 1:5.
So X and Y will contribute in this ratio to Z.
So, the journal entry will be:
X's Capital A/c    Dr.  ₹5000
Y's Capital A/c    Dr.  ₹25000
      To Z's Capital A/c         ₹30000