[DK Goel] Q 7 Accounting Equations Solutions CBSE (2024-25) Class 11
Solution of Question number 7 Accounting Equations DK Goel class 11 CBSE (2042-25).
Use Accounting Equation to show the effect of the following transactions of M/s Royal Traders.
| (a) | Started business with cash | 1,20,000 |
| (b) | Purchased goods for cash | 10,000 |
| (c) | Rent Received | 5,000 |
| (d) | Salary outstanding | 2,000 |
| (e) | Received interest | 700 |
| (f) | Sold goods for cash (costing ₹ 5,000) | 7,000 |
| (g) | Goods destroyed by fire | 500 |
[Ans. Assets : Cash ₹ 1,22,700 + Stock ₹ 4,500 = Liabilities : Outstanding Exp. ₹ 2,000 + Capital ₹ 1,25,200.]
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 |
