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Question No 01 Chapter No 10
Opening Entry
1. Bhupinder started business on Feb,1,2019 wither own cash Rs 50,000 , Building Rs 5,50,000, stock of goods Rs 85,000, Furniture Rs 95,000 and a motor van valued at Rs 1,80,000. she also borrowed Rs 70,000 from the bank
In the Books of Bhupinder
| Date | Particulars |
L.F. | Debit | Credit | |
|---|---|---|---|---|---|
| 2019 | |||||
| Feb.1 | Cash A/c | Dr. | 50,000 | ||
| Building A/c | Dr. | 5,50,000 | |||
| Stock A/c | Dr. | 85,000 | |||
| Furniture A/c | Dr. | 95,000 | |||
| Motor Van A/c | Dr. | 1,80,000 | |||
| To Bank Loan A/c | 70,000 | ||||
| To Capital A/c | 8,90,000 | ||||
| (Being opening entry made) | |||||
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Also, Check out the solved question of all Chapters: –
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
Chapter No. 14 - Provisions and Reserves
Chapter No. 15 - Bills of Exchange
Chapter No. 16 - Rectification of Errors
Chapter No. 17 - Financial Statements - (Without Adjustments)
Chapter No. 18 - Financial Statements - (With Adjustments)
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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