[CBSE] Q 7, Q 8 Accounting Equation TS Grewal Class 11 (2025-26)

Solution of Question number 7 and 8 of Accounting Equation chapter TS Grewal class 11 CBSE Board (2025-26)

Q. 7. Show the effect of the following transactions on the Accounting Equation:

(i) Started business with cash ₹ 50,000.

(ii) Salaries paid ₹ 2,000.

(iii) Wages outstanding ₹ 200.

(iv) Interest due but not paid ₹ 100.

(v) Rent paid in advance ₹ 150.

[Assets: Cash ₹ 47,850 + prepaid Rent ₹ 150 = Liabilities: Outstanding Expenses ₹ 300 + Capital: ₹ 47,700.]

Solution:-

Q. 8. What will be the effect of the following on the Accounting Equation:

(i) Harish started business with cash ₹ 18,000

(ii) Purchased goods for cash ₹ 5,000 and on credit ₹ 2,000

(iii) Sold goods for cash ₹ 4,000 (Costing ₹ 2,400)

(iv) Rent paid ₹ 1,000 and rent outstanding ₹ 200

[Assets: Cash ₹ 16,000 + Stock ₹ 4,600 = Liabilities: Outstanding Rent ₹ 200 + Creditors ₹ 2,000 + Capital: ₹ 18,400.]

Solution:-

Below are the links of all solutions

S.N	Question
1	Question – 1, 2
2	Question – 3, 4
3	Question – 5, 6
4	Question – 7, 8
5	Question – 9, 10
6	Question – 11, 12
7	Question – 13, 14
8	Question – 15, 16
9	Question – 17, 18
10	Question – 19, 20
11	Question – 21, 22
12	Question – 23, 24
13	Question – 25