28. Kumar maintains his accounts on single entry system Following information is
available.
31.12.2017
31.12.2018
2,500
2,700
Br
4600
5,200
Sundry debtors
19,400
22,600
stock
23000
26400
Investment
16,000
Sunday Creditor
15,500
18,400
BP
4,500
During the year. be withdraw Rs 500 per month for huis household expenses. He sold
his personal investment of ₹
8000 at a premum of 5% and brought the money into
business. You are requested to prepare a statement of profit or loss for the year 2018
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