9706/11 Accounting May Jun 2024 Online Test | Cambridge AS & A Lev MCQ

Alice and Bharti have been in partnership sharing profits and losses in the ratio of 3 : 2. The balances on the partners’ capital accounts at 31 December 2014 are shown.
The partners decided to share profits and losses equally with effect from 1 January 2015. There was no goodwill account in the books. Goodwill is valued at $30 000 and is not to be retained in the books of account.
What is the balance on Alice’s capital account after the adjustment for goodwill?