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

Are you looking for the solution of Question number 11 of Accounting Equation chapter TS Grewal class 11 CBSE Board 2022-23?

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(v) Amount withdrawn ₹ 5,000.

[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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S.N	Solution
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Solution
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Solutions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26