[DK Goel] Q 13 Accounting Equations Solutions CBSE (2024-25) Class 11

Solution of Question number 13 Accounting Equations DK Goel class 11 CBSE (2042-25).

Yogesh commenced business on 1st April, 2017 with a Capital of ₹ 5,00,000 and a loan of ₹ 1,00,000 borrowed from Citi Bank. On 31st March, 2018, his assets were ₹ 8,00,000. Calculate his closing capital and profits earned during the year.

(b) If in the above case, the proprietor had introduced fresh capital of ₹ 40,000 and had withdrawn ₹ 10,000 for personal purposes, calculate his profits.

[Ans. (a) Closing Capital ₹ 7,00,000; Profit ₹ 2,00,000. (b) Profit ₹ 1,70,000.]

Solution – 13 (a)

Solution – 13 (b)

Below is the list of all solutions

S.N	Solutions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Solutions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Solutions
21	Question – 21
22	Question – 22
23	Question – 23
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25	Question – 25
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28	Question – 28
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