Jhon started a business on 1st April 20X1 with $ 12,00,000 represented by 60,000 units of $ 20 each. During the financ

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answerhappygod
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Jhon started a business on 1st April 20X1 with $ 12,00,000 represented by 60,000 units of $ 20 each. During the financ

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Jhon started a business on 1st April 20X1 with $ 12,00,000 represented by 60,000 units of $ 20

each.
During the financial year ending on 31st March, 20X2, he sold the entire stock for $ 30 each.
In order to maintain the capital intact, calculate the maximum amount, which can be withdrawn

by Mohan in the year 20X1-X2 if
Financial Capital is maintained at historical cost.
plz give Answer in Excel.
no need to give working note
give short Answer thank you
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