[DK Goel] Q 27 Accounting Equations Solutions CBSE (2024-25) Class 11

Solution of Question number 27 Accounting Equations DK Goel class 11 CBSE (2042-25).

Show the accounting equation on the basis of following transactions:

(I) Commenced business with Cash ₹ 20,000; Goods ₹ 50,000 and Furniture ₹ 30,000.

(ii) Purchased goods from Gopal on Credit ₹ 40,000.

(iii) Sold goods for Cash ₹ 40,000 (Costing ₹ 30,000).

(iv) Sold goods to Ram on Credit ₹ 65,000 (Costing ₹ 50,000).

(v) Withdrew for personal use goods costing ₹ 5,000.

(vi) Purchased typewriter for personal use of the proprietor ₹ 20,000.

(vii) Purchased chairs for office use for cash ₹ 10,000.

(viii) Paid for printing ₹ 500 and received Commission ₹ 1,200.

(ix) Introduced fresh Capital ₹ 40,000.

(x) Paid to Gopal ₹ 30,000.

[Ans. Assets : Cash ₹ 40,700 + Stock ₹ 5,000 + Furniture ₹ 40,000 + Debtors ₹ 65,000 = Liabilities : Creditors ₹ 10,000 + Capital ₹ 1,40,700.]

Solution:-

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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