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Evaluate profit or loss made by a during the year

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A started a business of a small printing press on April 1, 2007 with a capital of Rs 75,000. A did not maintain his books on double entry system. During the year he introdouced additional capital of Rs 22,500. He also withdrawn Rs 15,000 for his private use On March 31st ,2008, his assets and liabilities were s follows: Creditors Rs 1,35,000 ; Debtors Rs 1,88,400 ; Stock Rs 37,125 ; Cash Rs 37,740 ; Calculate profit or loss made by A during the year

Reference no: EM13553391

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