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Assets total Rs 50,000 and creditors are Rs 12,000. Capital is:
ARs 50,000
BRs 62,000
CRs 38,000
DRs 12,000
Answer & Solution
Correct answer: C. Rs 38,000
Assets total 50,000; deducting creditors of 12,000 leaves 38,000 as capital.
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