=+W was to bring in 4,000 as his share of the firm's fixed capital, the total of

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=+W was to bring in £4,000 as his share of the firm's fixed capital, the total of which was to remain at £18,000, and to purchase his share of Goodwill, valued at £27,000 for the business as a whole, from the other partners in the proportion in which they previously shared profits. No account for Goodwill was to appear in the firm's books. W duly paid into the business his capital and the purchase price of his share of Goodwill;

at the same time the other partners drew on capital accounts (or paid in)

such sums as would leave their fixed capitals in proportion to their

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