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250,000.00 INR
Two hundred fifty thousand and 00/100 dollars
1550/50
example suman moters of rs 10000 is write off then what is the entry
Equity is value in an item over and above what is owed. If you have a $250000 home and owe $250000 then you have no equity to borrow. If you owe $100000 then you have $150000 equity that you may be able to borrow against.