A and B are equal partners with capitals of 5,00,000 each. C is admitted as a partner with equal share. C brings
6,00,000 as capital. The balance in the profit & Los A/c(cr.) balance amounted to 1,00,000. Pass necessary
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cash 6,00,000
to C's capital 6,00,000
profit ane loss 1,00,000
to A's capital 50,000
to B's capital 50,000
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