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Q. 12. (a) Yogesh commenced business on 1st April,
25,00,000 and a loan of 31,00,000 borrowed from Citi Bank. On 31st March, 2012, his
assets were 18,00,000. Calculate his closing capital and profits earned during the year.
(b) If in the above case, the proprietor had introduced fresh capital of 340,000 and
had withdrawn 310,000 for personal purposes, calculate his profit
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Answer 1

Answer:

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