Rom keeps his books by the single entry methods. His position on 31" December 2019 was as follows:

800

800

Cash in hand 200, Cash at bank 3,000, Stock in trade 20,000, Sundry debtors 8,500, Fxtures and Fitting 1,800, Plant and Machinery* 15,000, Sundry creditors * 22,000. During the year Ram introduced 5,000 as further capital in the business and withdraw 750 per month.

3,400

On 31 December, 2020 his position was as follows:

Cash in hand 300, Cash at bank 2,000, Stock in trade * 19,000, Sundry debtors 14,000,

Fixtures and Fitting 1,500, Plant and Machinery * 27,000, Sundry creditors * 29,000.

2040 1360

Cr.

From the above prepare Statement showing the Profit or Loss made by him for the year ended 31 December, 2020.