[ISC] Q 4 Accounting Equation Solutions TS Grewal Class 11 (2024-25)
Solution of Question number 4 Accounting Equation TS Grewal class 11 ISC 2024-25
Show the effect of the following transactions on assets, liabilities and capital using the Accounting Equation. Also prepare a Balance Sheet.
(i) Started business with cash ₹ 60,000
(ii) Rent received ₹ 2,000
(iii) Accrued interest ₹ 500
(iv) Commission received in advance ₹ 1,000
(v) Amount withdrawn ₹ 5,000
![](https://commerceschool.in/wp-content/uploads/2024/05/q4-2-1024x245.webp)
Solution:-
![](https://commerceschool.in/wp-content/uploads/2023/01/1-85-1024x420.webp)
![](https://commerceschool.in/wp-content/uploads/2023/09/2-58-1024x357.webp)