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.The SA. Sports does not keep double entry record and you have been appointed as...

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Accounting

.The SA. Sports does not keep double entry record and you have been appointed as accountant for the business and following information is available for the year ended 31 December 2020 . Net assets at 1 January 2020 60,000 Drawings during 2020 10,000 Capital introduced during 2020 80,000 Net assets at 31 December 2020 210,000 Required: Calculate the profit for 2020, based on this information

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