Question

(i) On 1st April 2020 the position of Shri Krishna Bros. Delhi was as follows :- Cash in hand - Rs. 60000 Cash at Bank - Rs. 84500 Stock - Rs. 90000 Plant and Machinery - Rs. 450000 Furniture - Rs. 180000 Debtors - Rs. 240000 Loan from bank - Rs. 440000 Creditors - Rs. 160000 Accrued Interest - Rs. 24000 Outstanding Rent - Rs. 30000 Un Accrued Commission - Rs. 18000 Prepaid Salary - Rs. 40000​

Answer 1

Answer:

Cash A/c Dr. 2,000

Bank A/c Dr. 68,000

Stock A/c Dr. 40,000

Machinery A/c Dr. 1,00,000

Furniture A/c Dr. 10,000

M/s. B.K. Bros. A/c Dr. 25,000

M/s. Narain Bros. A/c Dr. 15,000

To Loan A/c 50,000

To Jacob Bros. Ltd. A/c 20,000

To Capital A/c (Balancing Amount) 1,90,000.