22.20
31st March, 2020)
9. Following information is supplied to you by a shopkeeper:
1st April, 2019 (5)
600
700
Cash
Sundry Debtors
Stock
1,350
6,800
6,400
5,900
8,700
1,500
2,000
1,800
Bills Payable
1,500
1,100
During the year, the shopkeeper withdrew * 250 per month for domestic purposes. He also borrowed
from a friend at 9% p.a. a sum of 2,000 on 1st October, 2019. He has not yet paid the interest. A provision
of 5% on debtors for doubtful debts is to be made.
Furniture
Sundry Creditors
Ascertain the profit or loss made by him during the period.
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