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A commenced business on 1st April …

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A commenced business on 1st April 2011 with a capital of Rs. 5,00,000 on 31st march 2012 his assets were worth Rs. 7,80,000 and liabilities Rs. 70,000 . Find out his closing capital and profits earned during the year.

    • Posted by Shivam Singh 6 years, 9 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Shubham Jain 6 years, 9 months ago

    closing capital will be 7,10,000 and profit is 2,10,000

    7Thank You

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