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From the following particulars, prepare the account of Jason, the proprietor of the business : (a) Capital introduced $20,000. (b) Drawings made by him

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From the following particulars, prepare the account of Jason, the proprietor of the business : (a) Capital introduced $20,000. (b) Drawings made by him $4,400. (c) Further capital introduced $15,000. (d) Profits for the period $5,252. Balance the same and explain what does the closing balance indicate.

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