If the partners decide to retain the amount of premium for goodwill credited to their capital accounts in the business, what additional entry is passed?

No additional entry is passed

When the partners decide to retain the amount of premium for goodwill credited to their capital accounts in the business, no additional entry is passed in the books of the firm. This means that the initial journal entry made to credit the premium for goodwill to their capital accounts is considered sufficient, and no further adjustments or transactions are recorded. Retaining the amount of premium for goodwill in the business implies that the partners agree to keep the funds within the firm for future use or to strengthen the financial position of the business. This decision does not require any additional entries as the amount remains in the capital accounts of the partners.