sujan and anil invested Rs500000 to buy a car and sold if for Rs525000 . if sija
n had paid 1/1/2 time more than anil . fnd the profid share of each
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Step-by-step explanation:
On purchase of a Car, total assets of balance sheet will be increased by Rs.5,00,000 and on making of down payment of Rs.1,00,000 total assets will decrease by Rs.1,00,000. The result will be that total assets of Balance sheet will increase by Rs.4,00,000.
On other hand a liability of Rs.4,00,000 has been made so the liability side of Balance Sheet will be increased by Rs.4,00,000
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