[ISC] Q 2 Accounting Equation Solutions TS Grewal Class 11 (2024-25)

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Solution of Question number 2 Accounting Equation TS Grewal class 11 ISC 2024-25

Show the effect of the following transactions on the Accounting Equation:

(i) Started business with cash ₹ 50,000

(ii) Salaries paid ₹ 2,000

(iii) Wages outstanding ₹ 200

(iv) Interest due but not paid ₹ 100

(v) Rent paid in advance ₹ 150

Solution:-

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