[ISC] Q 19, Q 20 Accounting Equation TS Grewal Class 11 (2026-27)
Solution of Question number 19 and 20 of Accounting Equation chapter TS Grewal class 11 ISC Board (2026-27)
Q. 19. (a) Gurman had a capital of ₹ 75,000 on 1st April, 2021. He had also goods amounting to ₹ 15,000 which he had purchased on credit and the payment had not been made.
Find out the value of the total assets of the business.
[₹ 90,000.]
(b) After a period of one month, he came to know that he had suffered a loss of ₹ 1,700. He withdrew ₹ 800 for his personal use. Find out his capital and assets of the business.
[Capital ₹ 72,500; Assets ₹ 87,500.]
Solution:-
Q. 20. Pranav started business on 1st April, 2021 with capital of ₹ 5,50,000. On 31st March, 2022 his total assets were ₹ 10,75,000 and liabilities were ₹ 2,92,500. Calculate the amount by which his capital has increased as on 31st March, 2022.
[₹ 2,32,500.]
Solution:-
