Calculate the amount of total assets and capital as on 31st December
2010 in the following.
a) Z started a business on 1st april 2015 with a capital Rs. 20,000 and a
loan of Rs. 10,000 borrowed from Y. during the year he made a profit of
Rs. 10,000
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Answer:
the assets was 10000 and the capital was 40000
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