Question No 02 Chapter No 10
Opening Entry
2. Sunil purchased running business of Surinder on 20th October, 2017 for Rs 9,00,000 with the following assets and liabilities:stock Rs 3,50,000; Machinery Rs 2,50,000; Bank loan Rs 1,20,000; Creditors Rs 40,000; Debtors Rs 1,10,000; and Furniture Rs 60,000
The solution of Question No 02 Chapter No 10: –
| In the Books of Sunil | |||||
| Date | Particulars |
L.F. | Debit | Credit | |
| 2019 | |||||
| Oct.20 | Stock A/c | Dr. | 3,50,000 | ||
| Machinery A/c | Dr. | 2,50,000 | |||
| Debtors A/c | Dr. | 1,10,000 | |||
| Furniture A/c | Dr. | 60,000 | |||
| Goodwill A/c | Dr. | 2,90,000 | |||
| To Bank Loan A/c | 1,20,000 | ||||
| To Creditors A/c | 40,000 | ||||
| To Capital A/c | 9,00,000 | ||||
| (Being opening entry made) | |||||
Journal Proper | Subsidiary Books | Examples
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Also, Check out the solved question of all Chapters: –
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Vouchers and transactions
Chapter No. 4 – Journal
Chapter No. 5 – Ledger
Chapter No. 6 – Cash Book
Chapter No. 7 – Other Subsidiary Books
Chapter No. 8 – Journal Proper
Chapter No. 9 – Trial Balance
Chapter No. 10 – Bank Reconciliation Statement
Chapter No. 11 – Depreciation
Chapter No. 12 – Provisions and Reserves
Chapter No. 13 – Bills of Exchange
Chapter No. 14 – Rectification of Errors
Chapter No. 15 – Financial Statements – (Without Adjustments)
Chapter No. 16 – Financial Statements – (With Adjustments)