# [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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