[DK Goel] Q 28 Accounting Equations Solutions CBSE (2024-25) Class 11

Solution of Question number 28 Accounting Equations DK Goel class 11 CBSE (2042-25).

Prove that accounting equation is satisfied in all the following cases:

(a) Commenced business with cash ₹ 50,000.

(b) Paid rent ₹ 4,000 including ₹ 1,000 as advance.

(c) Bought goods for cash ₹ 30,000 and on credit ₹ 20,000.

(d) Sold the goods bought on credit for ₹ 25,000.

(e) Purchased furniture worth ₹ 10,000 for office use and for ₹ 5,000 for domestic use.

[Ans. Assets : Cash ₹ 26,000 + Prepaid Exp. ₹ 1,000 + Stock ₹ 30,000 + Furniture ₹ 10,000 = Liabilities : Creditors ₹ 20,000 + Capital ₹ 47,000.]

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