On 31st march 2009 the total assets and external, Ask an Expert

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On 31st March 2009 the total assets and external liabilities were $2,00,000 and $6,000 respectively. During the year, the proprietor had introduced capital of $20,000 and withdrawn $12,000 for personal use. He made a profit of $20,000 during the year. Calculate capital as on 1st April ,2008

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9966542

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