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

Posted by By Amanpreet Kaur 4 Min Read August 31, 2020
Question No. 35 - Chapter No.8 - T.S. Grewal +1 Book 2019
Question No. 35 - Chapter No.8 - T.S. Grewal +1 Book 2019

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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