Home
Class 11
ACCOUNTS
On 1st April, 2019, the position of Tend...

On 1st April, 2019, the position of Tendulkar was as following: Stock-in-Hand Rs. 2,88,000, Bills Payable Rs. 48,000, Cash at Bank Rs. 2,16,000, Plant and Machinery Rs. 1,20,000, Debtors Rs. 60,000, Creditors Rs. 96,000, Investment Rs. 2,40,000, Loan from Suresh Rs. 1,80,000. What was the amount of Tendulkar's capital on the date? Pass an opening Journal entry.

Text Solution

Verified by Experts

The correct Answer is:
Capital - Rs. 6,00,000.
Promotional Banner

Topper's Solved these Questions

  • JOURNAL

    TS GREWAL|Exercise EVALUATION QUESTIONS: QUESTIONS WITH MISSING VALUES|2 Videos

  • JOURNAL

    TS GREWAL|Exercise Short Answer Type Questions|15 Videos

  • INTRODUCTION TO ACCOUNTING

    TS GREWAL|Exercise Short Answer Type Questions|19 Videos

  • LEDGER

    TS GREWAL|Exercise Practical Problems|5 Videos

Similar Questions

Explore conceptually related problems

On 1st April, 2019 the position of Bhargav Bros., Delhi was as follows: Cash in Hand Rs. 6,000, Cash at Bank Rs. 25,600, Stock of Goods Rs. 9,000, Mechibert Rs. 45,000, Furniture Rs. 18,000, Abdul Rs. 20,000(Debtor), Neeraj Rs. 26,000(Debtor), Loan Rs. 50,000, Amit Rs. 6,700 (Creditor). Pass the Opening Journal entry.

On 1st April, 2019 , the position of Rahman was as follows: Cash-in-Hand Rs. 11,200, Cash at Bank Rs. 2,57,600, Bills Receivable Rs. 68,800, Jai Ram (Dr.) Rs. 16,000, Ram Kumar (Dr.) Rs. 48,080, Office Furniture Rs. 52,800, Stook-in-Trade Rs. 4,16,000, Doulat Ram (Cr.) Rs. 1,74,720,Hari Ram (Cr.) Rs. 2,16,960, Bills Payable Rs. 80,000. What was the amount of capital of Rahman on that date? Pass the Journal entry to Open his books.

The position of a businessman on 30th June 1994 was as follows : - Cash Rs. 5,000, Debtors Rs. 20,000, Machinery Rs. 60,000, Stock Rs. 25,000, Capital Rs. 75,000. Calculate his liabilities.

TS GREWAL-JOURNAL-Practical problems
  1. M/s Auto Aid, Delhi purchased 500 pieces of car horns @ Rs. 200 each l...

    Text Solution

    |

  2. M/s Vaish Traders, Delhi purchased 500 Parker Pens @ Rs. 200 each less...

    Text Solution

    |

  3. M/s Auto Help, Delhi purchased 500 pieces of motor cycle horns at Rs. ...

    Text Solution

    |

  4. Name the accounts to be credited along with the amount for payment to ...

    Text Solution

    |

  5. Pass Journal entry for sale of goods by Rahul, Delhi to Anish, Delhi ...

    Text Solution

    |

  6. Pass Journal entry for purchase of goods by Amrit, Delhi from Ayur Pro...

    Text Solution

    |

  7. Pass Journal entry for purchase of goods by Amrit, Delhi form Add Gel ...

    Text Solution

    |

  8. Mittal Cycles purchased 100 cycles from from Hero Cycles, Ludhiana (Pa...

    Text Solution

    |

  9. Oswal Woollen Mills, Amritsar (Punjab) sold shawls to Gupta Shawls, Ja...

    Text Solution

    |

  10. Journalise the following transactions in the books of Ashok: (i) Rec...

    Text Solution

    |

  11. Enter the following transactions in the Journal of Suresh, Delhi who t...

    Text Solution

    |

  12. Journalise the following transactions:

    Text Solution

    |

  13. Journalise the following in the books of Amit, Saini, Gurugram (Harua...

    Text Solution

    |

  14. Journalise the following transactions in the books of Mohan, Delhi: ...

    Text Solution

    |

  15. Pass Journal entries in the books of Puneet, Delhi for the following: ...

    Text Solution

    |

  16. D. Chadha, Delhi commenced business on 1st January, 2019. His transac...

    Text Solution

    |

  17. Journalise the following transactions in the books of Manoj Store: (...

    Text Solution

    |

  18. On 1st April, 2019 , the position of Rahman was as follows: Cash-in-Ha...

    Text Solution

    |

  19. On 1st April, 2019, the position of Tendulkar was as following: Stock-...

    Text Solution

    |

  20. Pass the Opening Entry from the following Balance Sheet as at 31st Ma...

    Text Solution

    |