Question

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​

Answer 1

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