H & M are partners in a firm sharing profits and losses in the ratio of $3:2$. Their capitals are Rs.$60,000$ and Rs.$40,000$ respectively. They admit K as a new partner who will get $1/6$th share in the profits of the firm. K brings in Rs.$25,000$ as his adjusted through partner's capital account. Required journal entry- H Capital A/c Dr. M Capital A/c Dr. To K Capital A/c $10,000$ $15,000$ $25,000$ K Capital A/c Dr. To H Capital A/c To M Capital A/c $25,000$ $15,000$ $10,000$ K Capital A/c Dr. To H Capital A/c To M Capital A/c $25,000$ $10,000$ $15,000$ Premium for Goodwill A/c Dr. To H Capital A/c To M Capital A/c $25,000$ $10,000$ $15,000$