A, B & C are partners sharing profits in the ratio of 2:2:1. At the end of the year, the balance sheet shows the following information-
Capital accounts of partner- A ₹600000, B ₹480000 C ₹480000
General reserve= ₹440000
Workmen compensation reserve= ₹360000
Creditors= ₹240000
Land=  ₹800000
Building= ₹600000
Furniture= ₹240000
Debtors= ₹400000(including ₹20000 for provision)
Stock= ₹440000
Cash= ₹140000

If the total capital of the firm ₹1552500 and C retires then what is the new capital of the respective partners?

A=₹776250, B= ₹776250

New Capital= ₹1552500
Old ratio is 2:2:1 So, new ratio between A & B is 1:1
 A's new capital= 1552500*1/2= ₹776250
B's new capital= 1552500*1/2= ₹776250