[ISC] Q 23 Journal Solutions TS Grewal Class 11 (2024-25)

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Solution of Question number 23 Journal TS Grewal class 11 ISC 2024-25.

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.

Solution:-

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