Question No 35 Chapter No 8 - T.S. Grewal 11 Class

Question No 35 Chapter No 8

Pass the Opening Entry from the following Balance sheet as at 31st March 2018 of Vikas:

Liabilities		Rs	Assets	Rs
Capital A/c			Land and Building	1,50,000
Opening Balance	5,05,115		Plant and Machinery	2,50,750
Add:  Profit for the year	1,20,115		Chandra & Sons	71,270
	6,25,230		Closing Stock	56,250
Less: Drawing	60,000	5,65,230	Cash in Hand	15,700
Salary Payable		15,000	Cash at Bank	75,250
Magic Traders		27,220
Babbar & Co.		11,770
		6,19,220		6,19,220

The solution of Question No 35 Chapter No 8: - 

In the Books of Manoj Store:

Date	Particulars		L.F.	Debit	Credit
2018
1st April	Land and Building A/c	Dr.		1,50,000
	Plant and Machinery A/c	Dr.		2,50,750
	Chandra & Sons. A/c	Dr.		71,270
	Stock in Trade A/c	Dr.		56,250
	Cash in Hand A/c	Dr.		15,700
	Cash at Bank A/c	Dr.		75,250
	To Ramesh’s A/c				5,65,230
	To Salary Payable A/c				15,000
	To Magic Trades A/c				27,220
	To Babbar & Co.A/c				11,770
	(Being balances of assets and liabilities and capital brought forward.)

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Check out previous questions: -

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