Following information is supplied to you by a shopkeeper:
Following information is supplied to you by a shopkeeper:
|  | 1st April, 2022 (₹) | 31st March, 2023 (₹) |
| Cash | 6,000 | 7,000 |
| Sundry Debtors | 68,000 | 64,000 |
| Stock | 59,000 | 87,000 |
| Furniture | 15,000 | 13,500 |
| Sundry Creditors | 35,000 | 29,000 |
During the year, he withdrew ₹ 2,500 per month for domestic purposes. He also borrowed frofm a friend at 9% a sum of ₹ 20,000 on 1st October, 2022. He has not yet paid the interest. A provision of 5% on debtors for doubtful debts is to be made.
Ascertain the profit or loss made by him during the period.
[Profit earned during the year – ₹ 35,400.]
Anurag Pathak Changed status to publish January 13, 2024
