Business started with cash 100000 opening stock 50000 debtor 20000 creditors 1000 and capital 200000 what the entry
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Hey there! The journal entry for the following question is →
Cash A/c. Dr. 1,00,000
Opening stock A/c Dr. 50,000
Debtors A/c. Dr. 20,000
Goodwill A/c. Dr. 31,000
⇒⇒To Creditors A/c. 1,000
⇒⇒ To Capital A/c. 2,00,000
( Being opening entry passed )..
Cash A/c. Dr. 1,00,000
Opening stock A/c Dr. 50,000
Debtors A/c. Dr. 20,000
Goodwill A/c. Dr. 31,000
⇒⇒To Creditors A/c. 1,000
⇒⇒ To Capital A/c. 2,00,000
( Being opening entry passed )..
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