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In 2016, Zara securities earned sales revenues of Rs, 540,000. Their expenses were of Rs. 175,000 and purchased license with a cost of Rs. 80,000.

In 2016, Zara securities earned sales revenues of Rs, 540,000. Their expenses were of Rs. 175,000 and purchased license with a cost of Rs. 80,000. The accountant paid the charity on behalf of owner for Rs. 5,000. Net income for the year 2016:

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