Mohan started business with capital of 50000 on 1st April 2017 during the year he made a profit of 3000 he owes 2500 tosuppliers of goods what is the total of assets in his business on 31st March 2018
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Answer:
liabilities + capital =asset
50000 is capital
50000+3000=53000
53000 -2500=50500
Asset =50500
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