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In the solution, why bank balance of 7,50,000 has been taken as opening balance? Shouldn't it be used while calculating the closing bal i.e. 7,50,000 - 11,250 = 7,38,750. Q. says 7.5L including interest. So only interest should be subtracted. Is ICAI wrong in subtracting interest and investment amount also and adding Deb holder payment to it? For better clarity I have attached the Q + Soln.
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