[CBSE] Q 2 Accounting Equation TS Grewal Class 11 (2023-24)

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Solution of Question number 2 of Accounting Equation chapter TS Grewal class 11 CBSE Board 2023-24?

Show the Accounting Equation for the following transactions:

i) Gopinath started business with cash₹ 25,000
(ii) Purchased goods from Shyam₹ 10,000
(iii) Sold goods to Sohan costing ₹ 1,800₹ 1,500
(iv) Gopinath withdrew from business₹ 5,000

[Assets: Cash ₹ 20,000 + Stock ₹ 8,200 + Debtors ₹ 1,500 = Liabilities: Creditors ₹ 10,000 + Capital: ₹ 19,700.]

Solution:-

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Anurag Pathak
Anurag Pathak

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