[CBSE] Q 14 Accounting Equation TS Grewal Class 11 (2023-24)

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Are you looking for the solution of Question number 14 of Accounting Equation chapter TS Grewal class 11 CBSE Board 2023-24?

Prepare Accounting Equation from the following:

(a) Started business with cash ₹ 1,00,000.

(b) Purchased goods for cash ₹ 20,000 and on credit ₹ 30,000.

(c) Sold goods for cash costing ₹ 10,000 and on credit costing ₹ 15,000 both at a profit of 20%.

(d) Paid salaries ₹ 8,000.

[Capital: ₹ 97,000 + Liabilities: Creditors ₹ 30,000 = Assets: Cash ₹ 84,000 + Stock ₹ 25,000 + Debtors ₹ 18,000.]

Solution:-

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Anurag Pathak
Anurag Pathak

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