Anil carries on a retailer business and does not keep his books on double entry basis. The following particulars are obtained from his books.
His cash translations during the year were given
During the year Anil had taken goods from the business for private consumption which amounted to Rs. 850. Prepare profit and loss account for the year ending 30-06-2005 and a balance sheet as on that date after charging depreciation @ 10% p.a. on the machinery.
