[DK Goel] Q 4 Accounting Equations Solutions CBSE (2024-25) Class 11

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Solution of Question number 4 Accounting Equations DK Goel class 11 CBSE (2042-25).

Prepare Accounting Equation from the following:

1Kunal started business with cash2,50,000
2He purchased furniture for cash35,000
3He paid commission2,000
4He purchased goods on credit40,000
5He sold goods (Costing ₹ 20,000) for cash26,000

[Ans. Assets : Cash ₹ 2,39,000 + Furniture ₹ 35,000 + Stock ₹ 20,000 = Liabilities: Creditors ₹ 40,000 + Capital ₹ 2,54,000.]

Solution:-

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Anurag Pathak

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