L, M and N share profits equally. N is retiring and net assets at net book value of $\$ 27000$ are
revalued at $\$ 36000$.
Goodwill is valued at $\$ 18000$ but will not be recorded in the books of account.
After N retires, L and M will share profits in the ratio 3 :2.
What will be the change to L’s capital account?
$\$ 1800{\text{ }}decrease$
2 )
$\$ 1800{\text{ }}increase$
3 )
$\$ 7800{\text{ }}decrease$
4 )
$\$ 7800{\text{ }}increase$
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