[CBSE] Q 22 Accounting Equation TS Grewal Class 11 (2023-24)
Are you looking for the solution of Question number 22 of Accounting Equation chapter TS Grewal class 11 CBSE Board 2023-24?
(a) Mohan started a business on 1st April, 2021 with a capital of ₹ 10,000 and borrowed ₹ 3,000 from a friend. He earned a profit of ₹ 5,000 during the year ended 31st March, 2022 and withdrew cash ₹ 4,000 for personal use. What is his capital on 31st March, 2022?
[₹ 11,000.]
(b) Mahesh started a business with a capital of ₹ 15,000 on 1st April, 2021. During the year, he made a profit of ₹ 3,000. He owes ₹ 2,500 to suppliers of goods. What is the total of assets in his business on 31st March, 2022?
[₹ 20,500.]
Solution:-
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| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
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| 11 | Question – 11 |
| 12 | Question – 12 |
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| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
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| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
| 26 | Question – 26 |
