[CBSE] Q 4 Accounting Equation TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 4 of Accounting Equation chapter TS Grewal class 11 CBSE Board 2022-23?

Prepare Accounting Equation from the following:

(i) Started business with cash ₹ 1,00,000 and Goods ₹ 20,000.

(ii) Sold goods worth ₹ 10,000 for cash ₹ 12,000.

(iii) Purchased furniture on credit for ₹ 30,000.

[Assets: Cash ₹ 1,12,000 + Stock ₹ 10,000 + Furniture ₹ 30,000 = Liabilities: Creditors for Furniture ₹ 30,000 + Capital: ₹ 1,22,000.]

Solution:-

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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