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24-09-2022
Advanced Placement (AP)

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The following balances appeared in the books of Gopal on 1st April, 2022: Assets : Cash Rs.8,000; Bank Balance Rs.20,000; Stock Rs.54,000; Debtors Rs.47,000 (Ashok Rs. 12,000, Pawan Rs.15,000, Vivek Rs.20,000); Machinery Rs.60,000. Liabilities : Creditors Rs.20,000 (Chaman Lal Rs.7,000; Om Pal Rs. 13,000), Capital Rs.2,00,000. Pass Opening Entry

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