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From the following information relating to the business of Abhay who keeps books on Single Entry System, ascertain the profit of loss for the year 2018-19: |{:(,,"1st April, 2018 (Rs.)","31st March, 2019 (Rs.)"),("Machinery",.......................................................,"8,000","8,000"),("Furniture",.......................................................,"2,000","2,000"),("Stock",.......................................................,"7,000","5,000"),("Sundry Debtors",.......................................................,"4,000","4,500"),("Bank Balance",.......................................................,"200 (Cr.)","1,800 (Dr.)"),("Sundry Creditors",.......................................................,"5,000","3,500"):}| Abhay withdrew Rs. 4,100 during the year to meet his houschold expenses. He introduced Rs. 300 as fresh capital on 15th January, 2019. Machinery and Furniture are to be depreciated at 10% and 5% p.a. respectively.

Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> - <a href="https://interviewquestions.tuteehub.com/tag/rs-625947" style="font-weight:bold;" target="_blank" title="Click to know more about RS">RS</a>. 4,900.</body></html>


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