started business on April 1, 2009 with a capital of Rs. 1,10,000 & took loan from bank Rs.
40,000. At the end of the year on March 31, 2010, his assets were for Rs. 2,50,000, creditors
for Rs. 70,000. Bank loan has not been paid so far; however, interest on loan has been paid.
Find the Closing Capital & Profit earned during year.
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