On 1st April, 2020, the following balances appeared in the books of Mr X:
Assets : Cash Balance Rs. 6,000; Bank Balance Rs. 36,000; Bills receivable Rs. 15,000; Debtors Rs. 60.000;
Stock Rs. 51,000; Investments Rs. 72,000; Machinery Rs. 1,80,000; Building Rs. 1,20,000; Input CGST Rs.
9,000; Input SGST Rs. 9,000; Input IGST Rs. 2,000.
Liabilities; Creditors Rs. 75,000; Loan Rs.75.000; Bills Payable Rs. 9,000.
You are required to pass an opening entry in the books of Mr. X and with showing the amount of
capital
Answers
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Explanation:
cash A/c Dr 6000
Bank A/c Dr 36000
Bill receivable A/c Dr 15000
Debtors A/c Dr 60000
stock A/c Dr 51000
investment A/c Dr 72000
machinery A/c Dr 180000
building A/c Dr 120000
To creditor A/c 75000
To loan A/c 75000
To bills payable A/c 9000
To capital A/c 3,81,000
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