A running business was purchase by Umesh Kumar with the following assets and liabilities. Cash₹12000, office equipment ₹ 80000, su

A running business was purchase by Umesh Kumar with the following assets and liabilities. Cash₹12000, office equipment ₹ 80000, sundry debtor ₹ 22000, stock of goods ₹ 60000, creditors ₹ 15000,bank overdraf
t ₹ 25000

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