Draft the opening entry and calculate capital:Assets: Cash Rs 18,000,

1.	Draft the opening entry and calculate capital:Assets: Cash Rs 18,000, Bank Rs 30,500, Debtors Rs 25,000(A Rs 10,000, B Rs 8,000 andC Rs 7,000), Stock Rs 24,500, Furniture Rs 12,000.Liabilities: Creditors Rs 22,000 (X Rs 8,000, Y Rs 5,000 and Z Rs 9,000), Bank loan Rs15,000.
Answer» ANSWER: Cash a/C. DR. 18000 bank a/c. Dr. 30500 A. Dr. 10000 B. Dr. 8000 C. Dr. 7000 stock. a/c. Dr. 24500 furniture a/c Dr. 12000 To X. 8000 To Y. 5000 To Z. 9000 To bank loan a/c. 15000 To capital a/c. 73000

Draft the opening entry and calculate capital:Assets: Cash Rs 18,000, Bank Rs 30,500, Debtors Rs 25,000(A Rs 10,000, B Rs 8,000 andC Rs 7,000), Stock Rs 24,500, Furniture Rs 12,000.Liabilities: Creditors Rs 22,000 (X Rs 8,000, Y Rs 5,000 and Z Rs 9,000), Bank loan Rs15,000.

Answer»

ANSWER:

Cash a/C. DR. 18000

bank a/c. Dr. 30500

A. Dr. 10000

B. Dr. 8000

C. Dr. 7000

stock. a/c. Dr. 24500

furniture a/c Dr. 12000

To X. 8000

To Y. 5000

To Z. 9000

To bank loan a/c. 15000

To capital a/c. 73000

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Draft the opening entry and calculate capital:Assets: Cash Rs 18,000, Bank Rs 30,500, Debtors Rs 25,000(A Rs 10,000, B Rs 8,000 andC Rs 7,000), Stock Rs 24,500, Furniture Rs 12,000.Liabilities: Creditors Rs 22,000 (X Rs 8,000, Y Rs 5,000 and Z Rs 9,000), Bank loan Rs15,000.​

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Draft the opening entry and calculate capital:Assets: Cash Rs 18,000, Bank Rs 30,500, Debtors Rs 25,000(A Rs 10,000, B Rs 8,000 andC Rs 7,000), Stock Rs 24,500, Furniture Rs 12,000.Liabilities: Creditors Rs 22,000 (X Rs 8,000, Y Rs 5,000 and Z Rs 9,000), Bank loan Rs15,000.