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

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

Prove that the accounting equation is satisfied in the following transactions:-

1Brij Mohan Commenced business with cash1,00,000
2Bought goods for cash60,000
31/3rd of the above goods sold at a profit of 20% on cost. Half the payment received in cash
4Purchased typewriter for office use.15,000
5Purchased goods on credit from X25,000
6Paid to X15,000
7Paid Salary3,000
8Received Commission500
9Sold goods for Cash (Cost ₹ 50,000)60,000

[Ans. Assets : Cash ₹ 79,500 + Stock ₹ 15,000 + Debtors ₹ 12,000 + Typewriter ₹ 15,000 = Liabilities : Creditors (X) ₹ 10,000 + Capital ₹ 1,11,500.]

Solution:-

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