From the following information relating to the business of Mr. X who keeps books on Single Entry System, ascertaint the profit or loss for the year 2017–18: Particulars 1st April, 2017 (₹) 31st March, 2018 (₹) Machinery ................................................................................ 8,000 8,000 Furniture ................................................................................ 2,000 2,000 Stock ................................................................................ 7,000 5,000 Sundry Debtors ................................................................................ 4,000 4,500 Bank Balance ................................................................................ 200 (Cr.) 1,800 (Dr.) Sundry Creditors ................................................................................ 5,000 3,500 Mr. X withdrew ₹ 4,100 during the year to meet his household expenses. He introduced ₹ 300 as fresh capital on 15th January, 2018. Machinery and Furniture are to be depreciated at 10% and 5% p.a. respectively.