[ISC] Q 3 Accounting Equation Solutions TS Grewal Class 11 (2024-25)

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Solution of Question number 3 Accounting Equation TS Grewal class 11 ISC 2024-25

What will be the effect of the following on the Accounting Equation?

(i) Harish Started business with cash ₹ 18,000

(ii) Purchased goods for cash ₹ 5,000 and on credit ₹ 2,000

(iii) Sold goods for cash costing ₹ 2,500 for ₹ 4,000

(iv) Rent paid ₹ 1,000 and rent outstanding ₹ 200

Solution:-

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