On March 1, 2002 the position of Lemon Tree Restaurant was as follows: Cash in hand, 140;
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On March 1, 2002 the position of Lemon Tree Restaurant was as follows: Cash in hand, 140; Cash at bank, 3320; Bills receivable, 860; Jai Ram (Dr.) 200; Ram Kumar (Dr.) 601; Furniture, 660; Stock in hand, 5200; Daulat Ram (Cr.) 2184; Hari Ram (Cr.)2712; Bills payable 1000. What was the amount of capital of Lemon Tree Restaurant on that date (1-3-02)? Show the journal entries necessary to open Lemon Tree Restaurant books.
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Related Book For 
Financial Accounting For Hotels
ISBN: 9781259004940
1st Edition
Authors: Prasanna Kumar JP, Linda Nalini Danie, Mruthyunjaya V. Pagad
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