[DK Goel] Q 14 Accounting Equations Solutions CBSE (2024-25) Class 11

Solution of Question number 14 Accounting Equations DK Goel class 11 CBSE (2042-25).

Give one example of each of the following transactions:

(I) Increase in an asset and a liability.

(ii) Decrease in an asset and a liability

(iii) Increase in assets and capital

(iv) Decrease in assets and capital

Solution:-

(I) Purchase of an asset on credit:- It will increase asset and also increase the creditors (liability) of asset.

(ii) Payment of a liability:- It will decrease cash (asset) and decrease the liability.

(iii) Capital introduced by proprietor:- It will increase cash (asset) and also increase the capital.

(iv) Drawings or Expenses:- Drawings or expenses will decrease (cash) and will also decrease the capital.

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
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29