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     EduGorilla 
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    Mr. X has Rs. 5,00,000 to the credit of his capital account on January 1, 2014. His drawings during the year amount to Rs. 70,000. Interest is charged on capital at 5% p.a. and Rs. 4,300 on drawings. Net profit for the year after all adjustments is Rs. 1,24,000. What would be the capital at the end of the year?

    Options :-

    1. Rs. 6,24,000
    2. Rs. 3,76,600
    3. Rs. 5,74,700
    4. Rs. 5,79,900
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