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Authorised capital of a company is Rs.5 lac, 40% of it is paid up. Loss incurred during the year is Rs.50,000. Accumulated loss carried from last year is Rs.2 lac. The company has a Tangible Net Worth of 

a. Nil 

b. Rs.2.50 lac 

c. (-)Rs.50,000 

d. Rs.1 lac. 

1 Answer

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Best answer

c. (-)Rs.50,000 

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