Krishna Kulkarni has not kept proper books of accounts prepare the statement of profit or loss for the year ending March 31, 2016 from the following information:
The following adjustments were made :
(a) Krishna withdrew cash Rs 5,000 per month for private use.
(b) Depreciation @ `5%` on car and furniture @`10%`
(c ) Outstanding Rent Rs 6,000.
(d) Fresh Capital introduced during the year Rs 30,000.
