Question

Record the opening entry from the following Assets and Liabilities on 1" May 2019. ₹ Machinery 16,000 Bank 12,000 Bills receivable 14,000 Sundry Creditors 10,000 Trade Marks 8,000 Cash 10,000 (Answer: Capital - 50,000). write in detail form
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Answer 1

Explanation:

01/05/2019 Machinery a/c Dr 16000

Bank a/c Dr 12000

Bills Receivable a/c Dr 14000

Trade Marks a/c Dr 8000

Cash a/c Dr 10000

To Capital a/c 50000

(being opening entry passed)

Hope it helps.

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