The unpaid amount of goodwill. However, unless partners' capitals

accounts are stated to be fixed, capital accounts of sacrificing partners should be credited.

ILLUSTRATION $45($Adjustment of Capitals$).$ A and B are in partnership sharing profits and losses in the ratio of $1$:$2.$ They admit C for $1/5$ share, it was decided that he should contribute the proportionate capital of the new firm. The capitals of A and B remaining after adjustments are$20,000$ and $30,000$ respectively. Calculate the capital to be brought in by C and also give the necessary Journal Entry.