[ISC] Q 15, Q 16 Accounting Equation TS Grewal Class 11 (2026-27)

Solution of Question number 15 and 16 of Accounting Equation chapter TS Grewal class 11 ISC Board (2026-27)

Q. 15. If the capital of a business is ₹ 3,00,000 and liabilities are ₹ 50,000, loss ₹ 70,000, calculate the total assets of the business.

[₹ 2,80,000.]

Solution:-

Q. 16. 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:-