31 31 Wirte opening entry from the following as on 01-01-2017 : Particulars Rs - Accountancy - Recording of Transactions - II

Question

31

31 Wirte opening entry from the following as on 01-01-2017 :

Particulars
Rs
Particulars
Rs

Cash
12,000
Machinery
10,000

Stock
8,000
Creditors
3,000

Furniture
20,000
Bank overdraft
2,000

Neha Chopra · Accepted Answer

Dear Student,

Opening entry would be as follows:

Date

Particulars
LF
Amount (in
Rs)
Amount (in
Rs)

01-01-2017

Cash A/c
Dr
12,000

Stock A/c
Dr
8,000

Furniture A/c
Dr
20,000

Machinery A/c
Dr
10,000

To Creditors A/c

3,000

To Bank Overdraft A/c

2,000

To Capital A/c
(Balancing figure)

45,000

(Opening entry passed)

Regards,

Date	Particulars	LF	Amount (in Rs)	Amount (in Rs)
01-01-2017	Cash A/c	Dr	12,000
	Stock A/c	Dr	8,000
	Furniture A/c	Dr	20,000
	Machinery A/c	Dr	10,000
	To Creditors A/c			3,000
	To Bank Overdraft A/c			2,000
	To Capital A/c (Balancing figure)			45,000
	(Opening entry passed)

31 31. Wirte opening entry from the following as on 01-01-2017 : Particulars Rs. Particulars Rs. Cash 12,000 Machinery 10,000 Stock 8,000 Creditors 3,000 Furniture 20,000 Bank overdraft 2,000