[CBSE] Q 17, Q 18 Accounting Equation TS Grewal Class 11 (2025-26)

Solution of Question number 17 and 18 of Accounting Equation chapter TS Grewal class 11 CBSE Board (2025-26)

Q. 17. If total assets of a business are ₹ 1,30,000 and net worth is ₹ 80,000. Calculate the creditors.

[₹ 50,000.]

[Hint: Net Worth = Assets – Liabilities.]

Solution:-

Q. 18. A commenced his cloth business on 1st April, 2021 with a capital of ₹ 30,000. On 31st March, 2022, his assets were worth ₹ 50,000 and liabilities of ₹ 10,000. Find out his closing capital and profits earned during the year.

[Capital ₹ 40,000; Profit ₹ 10,000.]

Solution:-

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