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On 1st April 2018, C. Munene commenced business with a capital of sh. 630,500. His profits for the years 2018/19 and 2019/20 amounted to sh. 550,540. He suffered a loss of sh. 250,000 in the year 2020/21. His total drawings up to 31st March 2021 were sh. 900,000. He has also provided the following balances as at 31st March
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Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin