Mr Roy maintain his book on single entry system. following information is available: cash in hand opening balance 8000 closing balance 12600 , cash at Bank opening balance 11200 debate closing balance 13800 credit, predator opening balance 37,000 closing balance 48600, stock opening balance 49400 closing balance 61600, furniture opening balance 30000 closing balance 40000, sundry creditor opening balance 35600 closing balance 37,000,during the year he withdraw 1000 rupees in cash and rupees 500 in goods each month.he received rupees 20,000 as pension from government during the accounting year but invested only 13000 rupees into business out of his pension money a certain his profit or loss during the year
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