A commenced his business of electronic with cash,bank, furniture,machinery, and 100 set of TV's for a total amount of RS. 10,00,000 , at that time his creditor were RS 20,000 and debtors were RS 1,00,000.
During such period debtor pay rs 10,000 and A paid to creditor RS 18,000 on account of their dues of RS 20,000 in full settlement.
CALCULATE THE AMOUNT OF TOTAL ASSETS , TOTAL LIABILITIES, AND CLOSING CAPITAL AT THE YEAR END.
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