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Based on the following information what was Simmonds profit for the year? 1st January,2021 31st of december Assets 87,500. 106,200 Liabilities 65,300 76,2000 During the

Based on the following information what was Simmonds profit for the year?

1st January,2021 31st of december

Assets 87,500. 106,200

Liabilities 65,300 76,2000

During the year Simmonds drawings were 6,000 and she introduced a further 2,000 capital

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