If A had withdrawn from his business ₹ 3,000 for personal use, find out the profit in this case.
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Opening Capital = Closing Capital + Drawings - Additional Capital - Profits
50,000 = 59,000 + 3,000 - 0 - Profits
Profits = 12,000
50,000 = 59,000 + 3,000 - 0 - Profits
Profits = 12,000
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