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Mrs. Vandana runs a small printing firm....

Mrs. Vandana runs a small printing firm. She was maintaining only some records, which she thought, were sufficient to run the business. On April 01, 2016, available information from her records indicated that she had the following assets and liabilities: Printing Press Rs 5,00,000, Buildings Rs 2,00,000, Stock Rs 50,000, Cash at bank Rs 65,600, Cash in hand Rs 7,980, Dues from customers Rs 20,350, Dues to creditors Rs 75,340 and Outstanding wages Rs 5,000. She withdrew Rs 8,000 every month for meeting her personal expenses. She had also introduced Rs 15,000 during the year as additional capital. On March 31, 2017 her position was as follows : Press Rs 5, 25,000, Buildings Rs 2,00,000, Stock Rs 55,000, Cash at bank Rs 40,380, Cash in hand Rs 15,340, Dues from customers Rs 17,210, Dues to creditors Rs 65,680. Calculate the profit made by Mrs. Vandana during the year using statement of affairs method.

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