[CBSE] Q 6 Accounting Equation TS Grewal Class 11 (2023-24)

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Solution of Question number 6 of Accounting Equation chapter TS Grewal class 11 CBSE Board 2023-24?

Prepare an Accounting Equation on the basis of the following transactions:

(i) Started business with cash ₹ 70,000.

(ii) Credit purchase of goods ₹ 18,000.

(iii) Payment made to creditors in full settlement ₹ 17,500.

(iv) Purchase of machinery for cash ₹ 20,000.

(v) Depreciation on machinery ₹ 2,000.

[Assets: Cash ₹ 32,500 + Stock ₹ 18,000 + Machinery ₹ 18,000 + Liabilities: Nil + Capital: ₹ 68,500.]

Solution:-

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Anurag Pathak
Anurag Pathak

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