[DK Goel] Q 2 Accounting Equations Solutions CBSE (2024-25) Class 11

Solution of Question number 2 (a), 2(b) Accounting Equations DK Goel class 11 CBSE (2042-25).

Show the Accounting Equation on the basis of the following and present a balance sheet on the last new equation balances:

(I)	Manu started business with cash	50,000
(ii)	Bought furniture for	500
(iii)	Purchased goods on credit	4,000
(iv)	Sold goods on cash (cost ₹ 500) for	700
(v)	Received Rent	200
(vi)	Purchased goods for cash	1,000
(vii)	withdrew for personal use	700
(viii)	Paid to Creditors	400
(ix)	Paid for salaries	200

[Ans. Assets : Cash ₹ 48,100 + Furniture ₹ 500 + Stock ₹ 4,500 = Liabilities: Creditors ₹ 3,600 + Capital ₹ 49,500; Balance Sheet Total ₹ 53,100.]

Solution:-

Prove that the Accounting Equation is satisfied in all the following transactions of Rajaram. Also prepare a Balance Sheet:-

1. Started business with Case ₹ 1,20,000.

2. Purchased a typewriter for cash for ₹ 8,000 for office use.

3. Purchased goods for ₹ 50,000 for cash.

4. Purchased goods for ₹ 40,000 on credit.

5. Goods costing ₹ 60,000 sold for ₹ 80,000 on credit.

6. Paid for Rent ₹ 1,500 and for salaries ₹ 2,000.

7. Received ₹ 800 for Commission.

8. Withdrew for Private use ₹ 5,000 in cash.

[Ans. Assets : Cash ₹ 54,300 + Typewriter ₹ 8,000 + Stock ₹ 30,000 + Debtors ₹ 80,000 = Liabilities : Creditors ₹ 40,000 + Capital ₹ 1,32,300; Balance Sheet Total ₹ 1,72,300.]

Solution:-

Accounting Equation

Below is the list of all solutions

S.N	Solutions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Solutions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Solutions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29