What is not transfered to partner's capital account
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case of admission of a new partner, we need to transfer the reserves or accumulated profits and losses in the balance sheet to the old partners capital accounts. ... Therefore, we transfer them to old partners capital accounts in the old profit sharing ratio.
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partner's loan a/c is not transferred to partners account.
because it transferred to realisation a/c.
Realisation A/C:
realisation a/c is prepared to realise assest and discharge external liabilities.
hope you got your right point.
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