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A and B are sharing profits in the ratio of 3:2. They admit C into the partnership as a partner for a share of 1/5th

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A and B are sharing profits in the ratio of 3:2. They admit C into the partnership as a partner for a share of 1/5th profits in the new firm. C contributes capital in the form of Machinery of value RO 10,000. What is the Journal entry that has to be recorded for the capital brought in by C

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