[CBSE] Q 5 Accounting Equation TS Grewal Class 11 (2023-24)
Solution of Question number 5 of Accounting Equation chapter TS Grewal class 11 CBSE Board 2023-24?
Develop an Accounting Equation from the following transactions:
| i) Mohan commenced business with cash | ₹ 50,000 |
| ii) Purchase goods for cash | ₹ 30,000 |
| iii) Purchased goods on credit | ₹ 20,000 |
| iv) Sold goods (costing ₹ 10,000) for | ₹ 12,000 |
| v) Bought furniture on credit | ₹ 2,000 |
| vi) Paid cash to a creditor | ₹ 15,000 |
| vii) Salary paid | ₹ 1,000 |
[Assets: Cash ₹ 16,000 + Stock ₹ 40,000 + Furniture ₹ 2,000 = Liabilities: Creditors ₹ 5,000 + Vendor for Furniture ₹ 2,000 + Capital: ₹ 51,000.]
Solution:-
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| S.N | Question |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
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| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
| S.N | Question |
| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
| 26 | Question – 26 |
