pass necessary journal entries for the following transactions opening balance for cash in hand rs.20,000.cash at bank rs 30,000.bills receiable rs 40,000. ram's account(debit balance)rs.50,000.shyams account (credit balance)rs.20,000.outstanding expenses rs.20,000
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cash a/c Dr 20000
Bank a/c Dr 30000
bills receivable a/c Dr 40000
ram's a/c Dr 50000
To shyams a/c 20000
To o/s expenses a/c 20000
(being the balances brought forward)
Bank a/c Dr 30000
bills receivable a/c Dr 40000
ram's a/c Dr 50000
To shyams a/c 20000
To o/s expenses a/c 20000
(being the balances brought forward)
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