On 1st April , 2018 , the position of Rahman was as follows : Cash in hand rupees 11200; Cash at bank rupees 2,57,600 ; Bills Receivable rupees 68,800 ;jai ram debtor 16000 ; ramkumar 48080; office furniture 52800 ; stock in trade 416000 ; doulat ram 174720 , hari ram 216960 ; Bills payable 80000 .What was the amount of capital of Rahman on that date ? Show the journal entry to open his books.
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by subtracting all credit transactions from debit transactions we get the capital.
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