[DK Goel] Q 26 Accounting Equations Solutions CBSE (2024-25) Class 11
Solution of Question number 26 Accounting Equations DK Goel class 11 CBSE (2042-25).
Show the accounting equation on the basis of the following transactions and also show the Balance Sheet:
(I) Started business with Cash ₹ 60,000 and Goods ₹ 30,000.
(ii) Purchased goods for Cash ₹ 40,0000 and on Credit ₹ 25,000.
(iii) Goods costing ₹ 48,000 sold at a profit of 33 and 1/%. Three-fourth payment received in Cash.
(iv) Goods costing ₹ 20,000 sold at a loss of 5%, out of which ₹ 12,000 received in Cash.
(v) Paid Rent ₹ 4,000 and Salary ₹ 6,000.
(vi) Received Cash from Debtors ₹ 15,000.
(vii) Paid telephone bill amounting to ₹ 800.
[Ans. Assets : Cash ₹ 84,200 + Stock ₹ 27,000 + Debtors ₹ 8,000 = Liabilities : Creditors ₹ 25,000 + Capital ₹ 94,200; Balance Sheet Total ₹ 1,19,200.]
Solution:-
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 |
