[DK Goel] Q 1 Accounting Equations Solutions CBSE (2024-25) Class 11

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Solution of Question number 1 Accounting Equations DK Goel class 11 CBSE (2042-25).

Prepare Accounting Equation from the following:-

1Sandeep started business with Cash1,00,000
2Purchased furniture for cash5,000
3Purchased goods for cash20,000
4Purchased goods on credit36,000
5Paid for rent700
6Goods costing ₹ 40,000 sold at a profit of 20% for cash700

[Ans. Assets: Cash ₹ 1,22,300 + Furniture ₹ 5,000 + Stock ₹ 16,000 = Liabilities: Creditors ₹ 36,000 + Capital ₹ 1,07,300.]

Solution:-

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Anurag Pathak

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