mr.ravi keeps his books on single entry. his position on 31-12-2013 was as follows: cash at bank3.000, stock20,000, debtors 30,000, machinary 50,000 and creditor25.000 his position on 31-12-2014 cash at bank4,000, stock25.000, debtors45,000 machinery. 50,000 and creditors25.000.during the year he introduced 10,000 as further capital withdraw from business 3,000 per month. from the above information the profit or boss made by mr. ravi kumar for the year ended 31-12-2014
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