[CBSE] Q 8 Accounting Equation TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 8 of Accounting Equation chapter TS Grewal class 11 CBSE Board 2022-23?

What will be the effect of the following on the Accounting Equation?

(i) Harish started busienss 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:-

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Anurag Pathak
Anurag Pathak

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