Ananth does not keep his books under double entry system. Find the profit or loss made by
him for the year ending 31st March, 2019.
| Particulars |
31.3.2018
Rs. |
31.3.2019
Rs. |
| Cash at Bank |
5,000 (Dr.) |
60,000 (Cr.) |
| Cash in hand |
3,000 |
4,500 |
| Stock of goods |
35,000 |
45,000 |
| Sundry Debtors |
1,00,000 |
90,000 |
| Plant and Machinery |
80,000 |
80,000 |
| Land and Buildings |
1,40,000 |
1,40,000 |
| Sundry Creditors |
1,70,000 |
1,30,000 |
Ananth had withdrawn ` 60,000 for his personal use. He had introduced ` 17,000 as capital for expansion of his business. Create a provision of 5% on debtors. Plant and machinery is to be depreciated at 10%.
