[ISC] Q 5 Accounting Equation Solutions TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 5 Accounting Equation TS Grewal class 11 ISC 2022-23?

Prove that the Accounting Equation is satisfied in all the following transactions of Suresh. Also prepare a Balance Sheet.

(i) Commenced business with cash ₹ 60,000

(ii) Paid rent in advance ₹ 500

(iii) Purchased goods for cash ₹ 30,000 and credit ₹ 20,000.

(iv) Sold goods for cash ₹ 30,000 costing ₹ 20,000.

(v) Paid salary ₹ 500 and salary outstanding being ₹ 100.

(vi) Bought motorcycle for personal use ₹ 5,000.


Below is the list of all the Practical problems

1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
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