[DK Goel] Q 26 Accounting Equations Solutions CBSE (2024-25) Class 11

Solution of Question number 26 Accounting Equations DK Goel class 11 CBSE (2042-25).

Show the accounting equation on the basis of the following transactions and also show the Balance Sheet:

(I) Started business with Cash ₹ 60,000 and Goods ₹ 30,000.

(ii) Purchased goods for Cash ₹ 40,0000 and on Credit ₹ 25,000.

(iii) Goods costing ₹ 48,000 sold at a profit of 33 and 1/%. Three-fourth payment received in Cash.

(iv) Goods costing ₹ 20,000 sold at a loss of 5%, out of which ₹ 12,000 received in Cash.

(v) Paid Rent ₹ 4,000 and Salary ₹ 6,000.

(vi) Received Cash from Debtors ₹ 15,000.

(vii) Paid telephone bill amounting to ₹ 800.

[Ans. Assets : Cash ₹ 84,200 + Stock ₹ 27,000 + Debtors ₹ 8,000 = Liabilities : Creditors ₹ 25,000 + Capital ₹ 94,200; Balance Sheet Total ₹ 1,19,200.]

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