[CBSE] Q 9, Q 10 Accounting Equation TS Grewal Class 11 (2025-26)
Solution of Question number 9 and 10 of Accounting Equation chapter TS Grewal class 11 CBSE Board (2025-26)
Show accounting equation to show the effect of the following transactions of M/s Royal Traders:
(a) Started business with cash ₹ 1,20,000.
(b) Purchased goods for cash ₹ 10,000.
(c) Rent received ₹ 5,000.
(d) Salary Outstanding ₹ 2,000.
(e) Sold goods for cash (Costing ₹ 5,000) ₹ 7,000.
(f) Gooods destroyed by fire ₹ 500.
[Assets: Cash ₹ 1,22,000 + Stock ₹ 4,500 = Liabilities: Outstanding Expenses ₹ 2,000 + Capital: ₹ 1,24,500.]
Solution:-
Q. 10. Show the effect of the following transactions and also prepare a Balance Sheet:
| ₹ | |
| (i) Started business with cash | 60,000 |
| (ii) Rent received | 2,000 |
| (iii) Accrued interest | 500 |
| (iv) Commission received in advance | 1,000 |
| (v) Amount withdrawn | 5,000 |
[Ans.: Assets: Cash ₹ 58,000 + Accrued interest ₹ 500 = Liabilities: Commission Received in Advance ₹ 1,000 + Capital: ₹ 57,500.]
[Hint: Capital = Opening Capital ₹ 60,000 + Rent Received ₹ 2,000 + Accrued Interest ₹ 500 – Drawings ₹ 5,000 = ₹ 57,500.]
Solution:-
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