On 1st April, 2023, the position of Murari Bros. was as follows: Stock ₹ 2,88,000; Bills Payable ₹ 48,000; Cash at Bank ₹ 2,16,000; Plant and Machinery ₹ 1,20,000
On 1st April, 2023, the position of Murari Bros. was as follows:
Stock ₹ 2,88,000; Bills Payable ₹ 48,000; Cash at Bank ₹ 2,16,000; Plant and Machinery ₹ 1,20,000; Debtors ₹ 60,000; Creditors ₹ 96,000; Investment ₹ 2,40,000, Loan from Ganesh ₹ 1,80,000.
What was the amount of capital of M/s Murari Bros. on that date? Show an opening Journal entry.
Anurag Pathak Changed status to publish September 19, 2023
