Question $33$

Not yet answered

Marked out of $2\mathrm{.}00$

Flag question

At $1$ January $204$ a business had net assets of $R13,000.$ By $31$ December $20$X$4$ it had:

$R$

Buildings

$4,000$

Furniture

$2,000$

Bank overdraft

$1,500$

Receivables

$3,500$

Payables

$2,000$

Proprietors capital

$6,000$

During the year the proprietor had introduced R $1,000$ of new capital and had drawings of R$800.$ The profit $($loss$)$ for the year is