[DK Goel] Q 3 Accounting Equations Solutions CBSE (2024-25) Class 11

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Solution of Question number 3 Accounting Equations DK Goel class 11 CBSE (2042-25).

Prepare Accounting Equation from the following:

(a) Started business with Cash ₹ 2,00,000.

(b) Purchased goods for cash ₹ 60,000 and on Credit ₹ 1,50,000.

(c) Sold goods for cash costing ₹ 40,000 at a profit of 20% and on Credit costing ₹ 72,000 at a profit of 25%.

(d) Paid for Rent ₹ 5,000.

[Ans. Assets : Cash ₹ 1,83,000 + Stock ₹ 98,000 + Debtors ₹ 90,000 = Liabilities : Creditors ₹ 1,50,000 + Capital ₹ 2,21,000.]

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Anurag Pathak

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