[CBSE] Q 5, Q 6 Accounting Equation TS Grewal Class 11 (2025-26)
Solution of Question number 5 and 6 of Accounting Equation chapter TS Grewal class 11 CBSE Board (2025-26)
Q. 5. Develop an Accounting Equation from the following transactions:
| i) Mohan commenced business with cash | ₹ 50,000 |
| ii) Purchase goods for cash | ₹ 30,000 |
| iii) Purchased goods on credit | ₹ 20,000 |
| iv) Sold goods (costing ₹ 10,000) for | ₹ 12,000 |
| v) Bought furniture on credit | ₹ 2,000 |
| vi) Paid cash to a creditor | ₹ 15,000 |
| vii) Salary paid | ₹ 1,000 |
[Assets: Cash ₹ 16,000 + Stock ₹ 40,000 + Furniture ₹ 2,000 = Liabilities: Creditors ₹ 5,000 + Vendor for Furniture ₹ 2,000 + Capital: ₹ 51,000.]
Solution:-
Q. 6. Prepare an Accounting Equation on the basis of the following transactions:
(i) Started business with cash ₹ 70,000.
(ii) Credit purchase of goods ₹ 18,000.
(iii) Payment made to creditors in full settlement ₹ 17,500.
(iv) Purchase of machinery for cash ₹ 20,000.
(v) Depreciation on machinery ₹ 2,000.
[Assets: Cash ₹ 32,500 + Stock ₹ 18,000 + Machinery ₹ 18,000 + Liabilities: Nil + Capital: ₹ 68,500.]
Solution:-
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