Mr. Kamran keeps his books by single entry system and the following information is available from his records from which you are required to ascertain his profit or loss: Bank balance 1st Jan, 2018 2,600 (Cr) 21,000 4,200 8,600 31st dec, 2018 4,100(dr) 26,000 4,400 Debtors Creditors Computer Equipment Motor vehicle 75,000 Building 55,000 Cash in hand 1,200 Kamran had withdrawn Rs. 10,000 during the year and introduced a new capital of Rs. 8,000 on 1st July 2018. A Provision for 5% on Debtors is necessary and interest @10% p.a. is to be allowed. Write off depreciation on Motor vehicle @5%. 10,200 75,000 55,000