Example 3: Hauwa keeps her books on single entry basis. The following information was disclosed. Assets and Liabilities: 1st Feb. 1994 Fixtures and fittings 31st Jan. 1985 Le La 2,000 2,000 Stock 1,000 1,250 Debtors 2,100 3,400 Cash 150 200 Creditors 1,750 1.900 Bills payable 300 Loan from B. Yinka 500 1,000 Investment In addition, Hauwa has drawings amounting to Le500 on account and introduced Le200 additional capital. You are required to ascertain the opening capital, the net profit and to prepare a Balance Sheet as at 31st January, 1985