David does not keep proper books of accounts. Following details are given from his records
| Particulars |
1.4.2018
Rs |
31.3.2019
Rs |
| Cash |
43,000 |
29,000 |
| Stock of goods |
1,20,000 |
1,30,000 |
| Sundry debtors |
84,000 |
1,10,000 |
| Sundry creditors |
1,05,000 |
1,02,000 |
| Loan |
25,000 |
20,000 |
| Business premises |
2,50,000 |
2,50,000 |
| Furniture |
33,000 |
45,000 |
During the year he introduced further capital of Rs. 45,000 and withdrew Rs. 2,500 per month
from the business for his personal use. Prepare statement of profit or loss with the above information.
