Question

opening journal entries of Balances brought down from last year
Capital: ?
Raj (Dr): 40,000
Bank loan : 150,000
Cash : 2,00,000
Shyam (Cr), 60,000
Bank : 3,00,000, Machinery : 1,00,000​

Answer 1

Answer:

Raj a/c-----dr 40,000

cash a/c-----dr 2,00,000

Bank a/c----- dr 3,00,000

machinery a/c------dr 1,00,000

bank loan a/c------cr 1,50,000

shyam a/c---------cr 60,000

Capital a/c------------cr 4,30,000 (balancing figure)