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L, M and N are in partnership sharing profits and losses equally. L retired when...
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L, M and N are in partnership sharing profits and losses equally. L retired when the credit balances on her capital and current accounts were N$100000 and $40 000.artnership assets were revalued upwards by N$60 000. L took half of the amount due to her on retirement. The other half was left as a loan to the business. How much was L paid from the partnership bank account on her retirement?
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