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Make an opening journal entry : on 1st april , 1996 M\s tulsi dass haveli ram has the following balance : cash in hand Rs 5, 000 , bank balance Rs 25, 00 , stock 16000 , building Rs 25, 000 amount due from ambala stores Rs 1000 , and rakesh stores Rs 15, 00 .amount payable to zaveri and sons Rs 3, 500 and to sardari lal Rs 1, 500 (Ans : capital Rs 4, 24, 000?
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Make an opening journal entry : on 1st april , 1996 M\s tulsi dass hav...
Journal Entry on 1st April, 1996 for M/s Tulsi Dass Haveli Ram
Explanation:
M/s Tulsi Dass Haveli Ram is a business entity that deals in various transactions. On 1st April 1996, the business had the following assets and liabilities:
These are the assets of the business, which include cash, bank balance, stock, and building. These are the items that the business owns and uses to generate revenue.
These are the liabilities of the business. The business owes money to Ambala Stores and Rakesh Stores, while it has to pay Zaveri and Sons and Sardari Lal. These are the amounts that the business has to pay in the future.
This is the amount that the business owners have invested in the business. It includes all the money invested by the owners and the profits earned by the business.
Overall, the business has a healthy financial position with a significant amount of assets and a manageable amount of liabilities. The capital invested in the business is substantial, indicating that the owners are committed to the business's success.
- Cash in Hand: Rs 5,000
- Bank Balance: Rs 25,000
- Stock: Rs 16,000
- Building: Rs 25,000
- Amount Due from Ambala Stores: Rs 1,000
- Amount Due from Rakesh Stores: Rs 1,500
- Amount Payable to Zaveri and Sons: Rs 3,500
- Amount Payable to Sardari Lal: Rs 1,500
- Capital: Rs 4,24,000
Explanation:
M/s Tulsi Dass Haveli Ram is a business entity that deals in various transactions. On 1st April 1996, the business had the following assets and liabilities:
- Cash in Hand: Rs 5,000
- Bank Balance: Rs 25,000
- Stock: Rs 16,000
- Building: Rs 25,000
These are the assets of the business, which include cash, bank balance, stock, and building. These are the items that the business owns and uses to generate revenue.
- Amount Due from Ambala Stores: Rs 1,000
- Amount Due from Rakesh Stores: Rs 1,500
- Amount Payable to Zaveri and Sons: Rs 3,500
- Amount Payable to Sardari Lal: Rs 1,500
These are the liabilities of the business. The business owes money to Ambala Stores and Rakesh Stores, while it has to pay Zaveri and Sons and Sardari Lal. These are the amounts that the business has to pay in the future.
- Capital: Rs 4,24,000
This is the amount that the business owners have invested in the business. It includes all the money invested by the owners and the profits earned by the business.
Overall, the business has a healthy financial position with a significant amount of assets and a manageable amount of liabilities. The capital invested in the business is substantial, indicating that the owners are committed to the business's success.
Community Answer
Make an opening journal entry : on 1st april , 1996 M\s tulsi dass hav...
प्रारम्भिक रोजनामचा प्रविष्टि बनाइये make an opening journal entry : on 1st april, 1996 m/s tulsi dass haveli ram has the following balances: cash in hand 5,000; bank balance 2,500; stock 16,000; building 25,000; amount due from ambala stores * 1,000 and rakesh stores 1,500. amount payable to zaveri and sons 3,500 and to sardari lal 1500(ans: capital 46.000)
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Make an opening journal entry : on 1st april , 1996 M\s tulsi dass haveli ram has the following balance : cash in hand Rs 5, 000 , bank balance Rs 25, 00 , stock 16000 , building Rs 25, 000 amount due from ambala stores Rs 1000 , and rakesh stores Rs 15, 00 .amount payable to zaveri and sons Rs 3, 500 and to sardari lal Rs 1, 500 (Ans : capital Rs 4, 24, 000?
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Make an opening journal entry : on 1st april , 1996 M\s tulsi dass haveli ram has the following balance : cash in hand Rs 5, 000 , bank balance Rs 25, 00 , stock 16000 , building Rs 25, 000 amount due from ambala stores Rs 1000 , and rakesh stores Rs 15, 00 .amount payable to zaveri and sons Rs 3, 500 and to sardari lal Rs 1, 500 (Ans : capital Rs 4, 24, 000? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Make an opening journal entry : on 1st april , 1996 M\s tulsi dass haveli ram has the following balance : cash in hand Rs 5, 000 , bank balance Rs 25, 00 , stock 16000 , building Rs 25, 000 amount due from ambala stores Rs 1000 , and rakesh stores Rs 15, 00 .amount payable to zaveri and sons Rs 3, 500 and to sardari lal Rs 1, 500 (Ans : capital Rs 4, 24, 000? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Make an opening journal entry : on 1st april , 1996 M\s tulsi dass haveli ram has the following balance : cash in hand Rs 5, 000 , bank balance Rs 25, 00 , stock 16000 , building Rs 25, 000 amount due from ambala stores Rs 1000 , and rakesh stores Rs 15, 00 .amount payable to zaveri and sons Rs 3, 500 and to sardari lal Rs 1, 500 (Ans : capital Rs 4, 24, 000?.
Make an opening journal entry : on 1st april , 1996 M\s tulsi dass haveli ram has the following balance : cash in hand Rs 5, 000 , bank balance Rs 25, 00 , stock 16000 , building Rs 25, 000 amount due from ambala stores Rs 1000 , and rakesh stores Rs 15, 00 .amount payable to zaveri and sons Rs 3, 500 and to sardari lal Rs 1, 500 (Ans : capital Rs 4, 24, 000? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Make an opening journal entry : on 1st april , 1996 M\s tulsi dass haveli ram has the following balance : cash in hand Rs 5, 000 , bank balance Rs 25, 00 , stock 16000 , building Rs 25, 000 amount due from ambala stores Rs 1000 , and rakesh stores Rs 15, 00 .amount payable to zaveri and sons Rs 3, 500 and to sardari lal Rs 1, 500 (Ans : capital Rs 4, 24, 000? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Make an opening journal entry : on 1st april , 1996 M\s tulsi dass haveli ram has the following balance : cash in hand Rs 5, 000 , bank balance Rs 25, 00 , stock 16000 , building Rs 25, 000 amount due from ambala stores Rs 1000 , and rakesh stores Rs 15, 00 .amount payable to zaveri and sons Rs 3, 500 and to sardari lal Rs 1, 500 (Ans : capital Rs 4, 24, 000?.
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