[CBSE] Q 21 Accounting Equation TS Grewal Class 11 (2024-25)

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Solution of Question number 21 of Accounting Equation chapter TS Grewal class 11 CBSE Board 2024-25

(a) Gurman had a capital of ₹ 75,000 on 1st April, 2021. He had also goods amounting to ₹ 15,000 which he had purchased on credit and the payment had not been made. Find out the value of the total assets of the business.

[₹ 90,000.]

(b) After a period of one month, he came to know that he had suffered a loss of ₹ 1,700. He withdrew ₹ 800 for his personal use. Find out his capital and assets of the business.

[Capital ₹ 72,500; Assets ₹ 87,500.]

Solution:-

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Anurag Pathak
Anurag Pathak

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