Question

Calculate the amount of External Equities as on 31st March, 2021 in the following cases:
(i) On 31st March, 2021, total assets and capital were > 15,00,000 and 10,50,000 respectively.
(ii) On 1st April, 2020, Mukesh started business with a capital of 73,00,000 and a loan of * 3,00,000 borrowed from a friend. During the year, he earned a profit of 1,50,000. On 31st March, 2021, the total assets were 15,00,000.
(iii) On 1st April, 2020, Ramesh started business with a capital of * 3,00,000 and a loan of 3,00,000 borrowed from a fixed. During the year, he earned a profit of * 1,50,000, introduced an additional capital of 1,80,000 and had withdrawn *90,000 for his personal use. On 31st March, 2021 total assets were 15,00,000.
[(i) *4,50,000; (ii) * 10,50,000; (iii) * 9,60,000.] ​

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

your answer is a

4,50,000