You are presented with the following information: Starter Profit and loss account for the year to 31

You are presented with the following information:

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Starter Profit and loss account for the year to 31 March 2009 Sales Purchases Less: Closing stock Gross profit Less: Depreciation Net profit for the year 10000 5000 1000 4000 6000 2000 4000 Balance sheet at 31 March 2009 Van Less: Depreciation 10000 2000 8000 Stock 1000 Trade debtors Bank Less: Trade creditors 5000 12500 18500 2500 16000 24000 Capital Add: Net profit for the year 20000 4000 24000