prepare a statement of affairs

Illustration 1 Ar-and I inhilities of Mr. X as on 31-03-20X1 and 31-03-20X2 are as follows: Decided to depreciate building by 2.5% p.a. and Turnume vy Insurance Policy of the Proprietor was matured during the period and the amount 40,000 is retained in the business.Proprietor took@2,000 p.m. for meeting family expenses