[CBSE] Q 4 Accounting Equation TS Grewal Class 11 (2023-24)

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Solution of Question number 4 of Accounting Equation chapter TS Grewal class 11 CBSE Board 2023-24?

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

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