[ISC] Q 4 Accounting Equation Solutions TS Grewal Class 11 (2023-24)

Are you looking for the solution of Question number 4 Accounting Equation TS Grewal class 11 ISC 2023-24?

Prepare Accounting Equation from the following:

(i) Started business with cash ₹ 1,00,000 and Goods ₹ 20,000.

(ii) Sold goods of ₹ 10,000 for cash ₹ 12,000.

(iii) Purchased furniture on credit for ₹ 30,000.

(iv) Allow interest on capital ₹ 3,000.

Solution:-