Question

The following balances appeared in the books of Vinoth on Jan 1, 2018.
Assets :
Cash - Rs. 40,000
Stock - Rs. 50,000
Amount due from Ram - Rs. 20,000
Machinery - Rs. 40,000
Liabilities :
Amount due to Vijay - Rs. 10,000
Pass the opening journal entry and post them to Vinoth’s Capital A/c.

Answer 1

Answer:

Cash a/c Dr. 40000

Stock a/c. Dr. 50000

Debtors a/c Dr. 20000

Machinery a/c Dr. 40000

To Creditors a/c. 10000

To Capita a/c(B/F). 14000

This is the opening entry....

Explanation:

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