Question

July 31
Paid Rent
26. On Ist August, 2019 Taran's assets and liabilities stood as follows:
Assets : Cash at Bank 24.000 : Cash in hand ? 11,000 : Stock 7.000 : Bills receivable ?
6.000 : Building ? 25.000 : Furniture ? 4,000 : Amount due from Varun 2.500.
Liabilities : Bills payable 2,500 : Creditors ? 8.000 : Munish's Loun? 17.000
Pass on opening journal entry.
the following:​

Answer 1

Answer:

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