[CBSE] Q 1 Accounting Equation TS Grewal Class 11

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Solution of Question number 1 of Accounting Equation chapter TS Grewal class 11 CBSE Board

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:-

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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