[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 |
