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Sharath and Bharath started an equal partnership with an investment of Rs.200,000 each. After a month, the business has a cash balance of Rs.250,000 and
Sharath and Bharath started an equal partnership with an investment of Rs.200,000 each. After a month, the business has a cash balance of Rs.250,000 and a liability of Rs.300,000 as unpaid bills. Sharath has Rs. 50000 in his bank balance and Bharath has Rs.25000. Both of them do not have personal liabilities. How much cash should both the partners bring in so as to keep the business solvent?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
