[CBSE] Q 1 Accounting Equation TS Grewal Class 11 (2022-23)

Solution of Question number 1 of Accounting Equation chapter TS Grewal class 11 CBSE Board 2022-23?

What will be effect of the following on the Accounting Equation?

(i) Started business with cash ₹ 45,000

(ii) Opened a Bank Account with a deposit of ₹ 4,500

(iii) Bought goods from M/s Sun & Co. for ₹ 11,200

[Assets: Cash ₹ 40,500 + Bank ₹ 4,500 + Stock ₹ 11,200 = Liabilities: Creditors ₹ 11,200 + Capital: ₹ 45,000.]

Solution:-