[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 |
