Hari, who keeps his books on Single Entry System, tells you that his capital on 31st March, 2019 is Rs. 1,87,000 and his capital on 1st April, 2018 was Rs. 1,92,000. He futher informs you that during the year, he withdrew for his household purposes Rs. 84,200. He once sold his investment of Rs. 20,000 at 2% premium and brought that money into the business. You are required to prepare a Statement of Profit of Loss.

Hari, who keeps his books on Single Entry System, tells you that his c

1.	Hari, who keeps his books on Single Entry System, tells you that his capital on 31st March, 2019 is Rs. 1,87,000 and his capital on 1st April, 2018 was Rs. 1,92,000. He futher informs you that during the year, he withdrew for his household purposes Rs. 84,200. He once sold his investment of Rs. 20,000 at 2% premium and brought that money into the business. You are required to prepare a Statement of Profit of Loss.
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