Q.30. Krishna has not kept proper books of accounts, prepare the Statement of Profit or loss for the year ending December 31, 2019 from the following information: (6 Marks) January 01, 2019 December 31, 2019 Cash-in-hand 10,000 Debtors 20,000 Creditors 10,000 Bills receivable 20,000 Bills payable 4,000 Car Stock 4000 Furniture 8,000 Investment 40,000 Bank balance 1,00,000 The following adjustments were made : (a) Krishna withdrew cash 5,00 per month for private use. (b) Depreciation @ 5% on car and furniture @ 10%. (c) Outstanding rent 6,000. (d) Fresh capital introduced during the year 30,000. 36,000 80,000 46,000 24,000 42,000 80,000 30,000 48,000 50,000 90,000