[DK Goel] Q 5 Accounting Equations Solutions CBSE (2024-25) Class 11

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Solution of Question number 5 Accounting Equations DK Goel class 11 CBSE (2042-25).

Mohit has the following transactions, prepare Accounting Equation:

1Business started with cash1,75,000
2Purchased goods from Rohit50,000
3Sold goods on credit to Manish (Costing ₹ 17,500)20,000
4Purchased furniture for office use10,000
5Cash paid to Rohit in full settlement48,500
6Cash Received from Manish20,000
7Rent Paid1,000
8Cash withdrew for personal use3,000

[Ans. Assets : Cash ₹ 1,32,500 + Stock ₹ 32,500 + Furniture ₹ 10,000 = Capital ₹ 1,75,000.]

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