Mr. Ashok does not keep his books properly. Following information is available from his books. April. 01, 2016 March. 31, 2017 Rs Rs Sundry creditors 45,000 93,000 Loan from wife 66,000 57,000 Sundry debtors 22,500 – Land and Building 89,600 90,000 Cash in hand 7,500 8,700 Bank overdraft 25,000 – Furniture 1,300 1,300 Stock 34,000 25,000 During the year Mr. Ashok sold his private car for Rs 50,000 and invested this amount into the business. He withdrew from the business Rs 1,500 per month upto October 31, 2016 and thereafter Rs 4,500 per month as drawings. You are required to prepare the statement of profit or loss and statement of affair as on March 31, 2017.