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The following balances are shown in alphabetical o

The following balances are shown in alphabetical order in a professional service firm’s ledger at the end of a financial year: Advertising 15,000 Bank . 5,000 Capital 71,000 Creditors. 11,000 Debtors .. 12,000 Fixed assets .100,000 Income 135,000 Rent 10,000 Salaries .. 75,000 a. The profit for the year b. The capital at the end of the year

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