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A trader's assets total Rs 1,50,000 and his outside liabilities Rs 40,000. His capital is:
ARs 1,10,000
BRs 1,90,000
CRs 40,000
DRs 1,50,000
Answer & Solution
Correct answer: A. Rs 1,10,000
Capital is 1,50,000 minus 40,000, which is 1,10,000.
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