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Commerce Accounting Difficulty: Medium

What will be shareholder's funds. If equity share capital is Rs. 16,00,000, 8% preference share is Rs. 20,000, Reserve and surplus is Rs. 73,000, profit and loss is Rs. 41,000 (cr. balance), preliminiary expense is Rs. 20,000 and short-term creditors are Rs. 30,000.

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