[DK Goel] Q 6 Accounting Equations Solutions CBSE (2024-25) Class 11

Solution of Question number 6 Accounting Equations DK Goel class 11 CBSE (2042-25).

What will be the effect of the following on the Accounting Equation?

(I) Harish started business with cash ₹ 1,80,000.

(ii) Purchased goods for cash ₹ 60,000 and on credit ₹ 30,000.

(iii) Sold goods for cash ₹ 40,000; costing ₹ 24,000.

(iv) Rent paid ₹ 5,000; and rent outstanding ₹ 2,000.

(v) Sold goods on credit ₹ 50,000 (costing ₹ 38,000.)

(vi) Salary paid in advance ₹ 3,000.

[Ans. Assets : Cash ₹ 1,52,000 + Stock ₹ 28,000 + Debtors ₹ 50,000 + Prepaid Expenses ₹ 3,000 = Liabilities : Creditors ₹ 30,000 + Outstanding Expenses ₹ 2,000 + Capital ₹ 2,01,000.]

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