[CBSE] Q 16 Accounting Equation TS Grewal Class 11 (2023-24)

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Are you looking for the solution of Question number 16 of Accounting Equation chapter TS Grewal class 11 CBSE Board 2023-24?

Show and Accounting Equation on the basis of the following transactions:

i) Sunil Started business with cash₹ 1,50,000
ii) Opened a Bank Account by depositing ₹ 25,000 out of cash
iii) He sold his personal car for ₹ 50,000 and deposited the amount in the firm’s Bank Account
iv) He purchased a building and furniture for1,00,000
v) He pruchased goods from Ram on credit50,000
vi) He paid cartage500
vii) He sold to Shyam on credit goods costing ₹ 6,000 for9,000
viii) Received rent from tenants1,000
ix) Received security deposit from tenants1,500
x) Purchased stationery for cash100
xi) Invested in Shares (personal)50,000
xii) Received interest in cash200
xiii) Introduced fresh capital25,000
xiv) Goods destriyed by fire500

[Assets: ₹ 2,29,600 = Liabilities: ₹ 51,500 + Capital: ₹ 1,78,100.]

Solution:-

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Anurag Pathak

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