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On31t march,2016 the total assets and outside liabilities were ₹700000 and ₹380000 respectively. during thr year,the owner had introduct additional capital ₹70000and with drawn ₹120000 for personal use.he made a profit of ₹80000 during the year. Find out his opening capital. |
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Answer» Rs.2,90,000Explanation:Capital=Assets-Liabilities then,Add.cap. will be subtractedDrawing will be addedProfits will be SUBTRACTED |
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