Question

Opening Entry
11. Following balances existed in the books of M/s. Anand Stores as on 1st April, 2020:
: Cash 60,000; Bank 40,000; Stock 1,50,000; Furniture 43,000; Debtors
1,45,000 (X* 35,000; Y50,000; ZR 60,000).
Liabilities : Loan from Vikas * 60,000; Creditors 52,500 (A * 22,500; BR 30,000).
Pass necessary Journal entry to record the above balances. [Capital- 3,25,500.)​

Answer 1

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