The following balances appeared in the books of Kumaran on April 1, 2017.
Assets: Cash Rs. 1,00,000; Stock Rs. 40,000; Amount due from Rohit Rs. 10,000,
Furniture Rs. 10,000; Liabilities: Amount due to Anush Rs. 40,000;
Kumaran’s capital Rs. 1,20,000
Find the capital and show the ledger posting for the above opening balances.