Assertion: Seasonal unemployment happens when people are not able to find jobs during some months of the year. Reason: A paradoxical manpower situation is witnessed as a surplus of manpower in certain categories coexists with a shortage of manpower in others.
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Find out the Total Liability (internal as well as external) at the end of the year if :
(i) Proprietor's equity at the beginning of the year * 80.000
(ii) Creditors' equity at the beginning of the year 40,000
(iii) Proprietor's withdrawal during the year 15,000
(iv) Net profit during the year 25,000
(v) Borrowed from Allahabad Bank during the year 250,000
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