[CBSE] Q 5 Accounting Equation TS Grewal Class 11 (2024-25)

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Solution of Question number 5 of Accounting Equation chapter TS Grewal class 11 CBSE Board 2024-25

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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Anurag Pathak
Anurag Pathak

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