lustration 1 1. Kishor keeps his book on the Single Entry System and the following information is available: Furniture Stock Debtors PROBLEMS Creditors Bills Payable Loan 1-1-2004 Rs. 200 2.800 2.100 150 1.750 31-12-2004 Rs. 200 3.050 3.400 200 1.900 300 500 1000 Investments He has drawn out of the business Rs.500 during the year. Prepare a Statement showing his profit for the year ended 31st December 2004 after writing off 10% depreciation on Furniture and making a provision for bad debts at 10% on Sundry Debtors.