[DK Goel] Q 17 Accounting Equations Solutions CBSE (2024-25) Class 11

Solution of Question number 17 Accounting Equations DK Goel class 11 CBSE (2042-25).

From the following transactions, state the nature of accounts and state the accounts which will be debited and credited:

1. Ganesh started business with Cash ₹ 2,00,000.

2. Purchased goods for Cash ₹ 60,000.

3. Sold goods for Cash ₹ 75,000.

4. Purchased goods from Nakul on Credit for ₹ 80,000.

5. Sold goods to Bhushan on Credit for ₹ 50,000.

6. Paid Cash to Nakul ₹ 20,000.

7. Received Cash from Bhushan ₹ 10,000.

8. Paid Salary ₹ 20,000.

Solution:-

S.N	Account	₹	Nature	Dr./Dr.
1	Cash A/c Capital A/c	2,00,000 2,00,000	Asset Capital	Debit Credit
2	Purchases A/c Cash A/c	60,000 60,000	Expenses Asset	Debit Credit
3	Cash A/c Sales A/c	75,000 75,000	Asset Revenue	Debit Credit
4	Purchases A/c Nakul A/c	80,000 80,000	Expenses Liability	Debit Credit
5	Bhushan A/c Sale A/c	50,000 50,000	Asset Revenue	Debit Credit
6	Nakul A/c Cash A/c	20,000 20,000	Liability Asset	Debit Credit
7	Cash A/c Bhushan A/c	10,000 10,000	Asset Asset	Debit Credit
8	Salary A/c Cash A/c	20,000 20,000	Expenses Asset	Debit Credit

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