Question

3. Record opening entry in journal. ASSETS- cash in hands 6000; cash at bank 7500; building 22000; amount due
from Rajeev 7200; plant 6700; amount due from Bablu 2700. LIABILITIES- loan from Sahil 10000; bills payable
2500, due to Madhav 1500.

​

Answer 1

Explanation:

DATE PARTICULARS L.F. DEBIT CREDIT

AMOUNT AMOUNT

*Cash in hands A/c. Dr. ₹6,000

*Cash at bank A/c. Dr. ₹7,500

*Building A/c. Dr. ₹22,000

*Amount due from

Rajeev A/c. Dr. ₹7,200

*Plants A/c. Dr. ₹6,700

*Amount due from Dr. ₹2,700

Bablu A/c.

To Loan from sahil A/c. ₹10000

To Bills payable A/c. ₹2,500

To Due to madhav A/c. ₹1,500

To Capital A/c. ₹38,100

(Being the opening entry as per balance.)

₹52,100 ₹52100