From the following balance sheet pass opening entry in the beginning of next accounting year. Liabilities Owner's
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From the following balance sheet pass opening entry in the beginning of next accounting year.
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Liabilities Owner's Capital Secured Bank Loan Bank Overdraft Sundry Creditors Tax payable Outstanding Expenses Balance Sheet as on March 31, 2010 Amount (*) Assets 9,00,000 1,50,000 70,000 30,000 1,85,000 50,000 13,85,000 Land & Building Plant & Machinery Furniture Investment Stock Sundry Debtors Bills Receivables Cash and Bank Pre-paid Expenses Marketable Securities Preliminary Expenses Goodwill Patents Amount (*) 5,30,000 1,10,000 20,000 90,000 95,000 1,75,000 25,000 80,000 15,000 20,000 40,000 1,10,000 75,000 13,85,000
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