Question

ILLUSTRATION 11.
Mr. Subhash's position on April 1, 2016 is as follows:
Assets : Land and Buildings ? 5,00,000, Furniture ? 1,00,000, Stock of Goods ? 900000
Sundry Debtors + 3,00,000, Cash at Bank 80,000, Cash in Hand * 20,000
Liabilities : Loan 2,00,000, Sundry Creditors 5,00,000.
Record opening entry in the books of Subhash.​

Answer 1

Answer:

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