Charu does not keep proper books of accounts. Prepare the statement of profit or loss for the year ending 31st March 2020 from the following information. 3

Particulars 1-4-2019() 31-3-2020()

Cash in hand 10000 36000

Debtors 20000 80000

Creditors 10000 46000

Bills Receivable 20000 24000

Bills Payable 4000 42000

Motor Vehicle - 80000

Stock 40000 30000

Furniture 8000 48000

Investments 40000 50000

Bank Balance 100000 90000

The following adjustments are to be made: (a) Proprietor withdraw 5,000 per month for private use. (b) Depreciation @ 5% on Motor vehicle and @ 10% on Furniture. (c) Outstanding rent 6,000. (d) Fresh capital introduced during the year 30,000.