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Question No 27 Chapter No 5 – T.S. Grewal 11 Class

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Question No 27 Chapter No 5

27. On 31st March 2018, the total assets and external liabilities were Rs 2,00,000 and 6,000 respectively. During the year, the proprietor had introduced capital of Rs 20,000 and withdrawn Rs 12,000 for personal use. He made a profit of Rs 20,000 during the year. Calculate the capital as on 1st April 2017.