The following balances appeared in the books of Kumaran on April 1, 2017.
Assets: Cash 1,00,000; Stock* 40,000; Amount due from Rohit * 10,000;
Furniture 10,000; Liabilities: Amount due to Anush * 40,000;
Kumaran's capital * 1,20,000
Find the capital and show the ledger posting for the above opening balances.
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Answer:
capital = 10000
assets =150000 - liabilities =160000
150000-160000=10000
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