Question

Posting of Opening Entry
6, Dalbir had the following assets and liabilities as on 1st April, 2010:
Stock * 3,000 ; Sundry debtors 15,800 ; Furniture > 1,500 ; Bills receivable * 800; Cash
645 ; Bills payable * 760; Bank overdraft 3,250 and Sundry creditors 6,735. Pass the
necessary opening entry and post the same in the ledger.​

Answer 1

Answer:

Opening Stock A/c. Dr. 3000

Sundry debtors A/c. Dr. 15800

Furniture A/c. Dr. 1500

Bills Receivable A/c. Dr. 800

Cash. A/c. Dr. 645

To Bills payable A/c. 760

To Bank O.D.A/c. 3250

To Sundry Creditors A/c. 6735

To Capital A/c. 11360