CA CPT Model Test Paper 9 with solutions for online practice
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Question : 24 of 199
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On 31st March 2009 Ram has loan of Rs. 50,000 and trade creditors of Rs. 80,000, Fixed Assets of Rs. 72,000 Stock Rs. 90,000 and cash in hand Rs. 60,000. If he had started business on April 1,2008 with capital of Rs. 50,000. Compute profit earned by Ram for year 2008-09:
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