Determine out the value of total assets of business

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(a) A had a capital of $75,000 on 1st April , 2009. He had also goods amounting to $15,000 which he had puchased on credit and the payment had not been made. Find out the value of total assets of business.

(b) After a period of one month , he came to know that he had suffered a loss of $1,700.He withdrew $ 800 for his personal use . Find out his capital and assets of the business.

Reference no: EM13333081

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