Question

Rammohan commenced business with capital of rupees 150000. At the end of the year. His assets were rupees 250000 and creditor were rupees 25000. His closing capital and profit and loss for the year will be; 1. 225,000 and 75,000 2. 275000 and 75000 3. 275000 and 50000 4. 275000 and 125000

Answer 1

Answer:

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