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Ramesh Chand started a business with Rs. 10,000 capital. At the end of 6 months on March 31, 2019 he had assets worth Rs. 23,700 including stock of Rs. 14,000. He also had liabilities of Rs. 3,000. Calculating his opening capital of Rs. 10,000 and closing capital of Rs. 20,100 shows he made a net profit of Rs. 11,100 for the year.

Author

Sudeep

Language

EN