[CBSE] Q 13, Q 14 Accounting Equation TS Grewal Class 11 (2025-26)
Solution of Question number 13 and 14 of Accounting Equation chapter TS Grewal class 11 CBSE Board (2025-26)
Q. 13. Prepare an Accounting Equation from the following:
(i) Started business with cash ₹ 50,000 and goods ₹ 30,000.
(ii) Purchased goods for cash ₹ 30,000 and on credit from Karan ₹ 20,000.
(iii) Goods costing ₹ 40,000 were sold for ₹ 55,000.
(iv) Withdrew cash for personal use ₹ 10,000.
(v) Rent outstanding ₹ 2,000.
[Assets: Cash ₹ 65,000 + Stock ₹ 40,000 = Liabilities: Outstanding Rent ₹ 2,000 + Creditors ₹ 20,000 + Capital: ₹ 83,000.]
Solution:-
Q. 14. Show an Accounting Equation for the following transactions:
(i) D. Mahapatra commenced business with cash ₹ 50,000 and ₹ 1,00,000 by cheque; goods ₹ 60,000; machinery ₹ 1,00,000 and furniture ₹ 50,000.
(ii) 1/3rd of the above goods sold at a profit of 10% on cost and half of the payment is received in cash.
(iii) Depreciation on machinery provided @ 10%
(iv) Cash withdrawn for personal use ₹ 10,000.
(v) Interest on drawings charged @ 5%.
(vi) Goods sold to Gupta for ₹ 10,000 and received a Bill Receivables for the same amount for 3 months.
(vii) Received ₹ 10,000 from Gupta against the Bills Receivables on its maturity.
[Assets: Cash ₹ 61,000 + Bank ₹ 1,00,000 + Stock (goods) ₹ 30,000 + Machinery ₹ 90,000 + Furniture ₹ 50,000 + Debtors ₹ 11,000 = Liabilities: Nil + Capital: ₹ 3,42,000.]
[Hints: 1. Opening Capital ₹ 3,60,000 = Cash ₹ 50,000 + Bank ₹ 1,00,000 + Stock ₹ 60,000 + Machinery ₹ 1,00,000 + Furniture ₹ 50,000. 2. Liabilities: Nil.]
Solution:-
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