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     EduGorilla 
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    Mr.
    Mehta started his readymade garments business on April 1, 2004 with a
    capital of Rs.50,000. He did not maintain his books according to double
    entry system. During the year he introduced fresh capital of Rs.15,000.
    He withdrew Rs.10,000 for personal use. On March 31, 2005, his assets
    and liabilities were as follows: Total creditors Rs.90,000 ; Total
    debtors Rs.1,25,600 ; Stock Rs.24,750 ; Cash at bank Rs.24,980.
    Calculate capital at the end

    Options :-

    1. Rs.82150

    2. Rs.85330

    3. Rs.84230

    4. Rs.75260

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Reply To: Mr. Mehta started his readymade garments business on April 1, 2004 with a capital of Rs.50,000. He….
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