[DK Goel] Q 24 Accounting Equations Solutions CBSE (2024-25) Class 11
Solution of Question number 24 Accounting Equations DK Goel class 11 CBSE (2042-25).
Show the accounting equation on the basis of the following transactions and present a Balance Sheet of the last new equation balance:
| 1 | Mohan commenced business with cash | 70,000 |
| 2 | Purchased goods on credit | 14,000 |
| 3 | withdrew for private use | 1,700 |
| 4 | Purchased goods for cash | 10,000 |
| 5 | Paid wages | 300 |
| 6 | Paid to Creditors | 10,000 |
| 7 | Sold goods on Credit at par | 15,000 |
| 8 | Sold goods for Cash (Cost price was ₹ 3,000) | 4,000 |
| 9 | Purchased furniture for cash | 500 |
[Ans. Assets: Cash ₹ 51,500 + Stock ₹ 6,000 + Debtors ₹ 15,000 + Furniture ₹ 500 = Liabilities : Creditors ₹ 4,000 + Capital ₹ 69,000; Balance Sheet Total ₹ 73,000.]
Solution:-
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 |
