Mr. Ashok Ganguli had the following assets and liabilities as on Ist April 2015:-
Cash B13800; Stock 140000; Sundry debtors 275000; Bills Receivable 2 6200;
Furniture B 10000; Goodwill 8 25000; Sundry Creditors 294000; Bills payable
2 7500; Bank Overdraft 38500; and Loan from Dinesh 20000.
Give the opening entry and Post the same in the ledger.
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