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.The profit earned by a business in 2022 was Sh. 725,000. The proprietor injected new capital of Sh. 80,000 during the year and withdrew goods for his private use which had cost Sh. 22,000. If net assets at the beginning of 2022 were Sh. 1,017,000, what were the closing net assets

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6 votes
1,640,000 is the answer
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User Yan Berk
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