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On 31st march 2009 the total assets and external

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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 During the year, the proprietor had introduced capital of $20,000 and withdrawn $12,000 for personal use.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?

Reference no: EM13588891

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