[ISC] Q 6 Accounting Equation Solutions TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 6 Accounting Equation TS Grewal class 11 ISC 2022-23?

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(v) Amount withdrawn ₹ 5,000

Solution:-

Below is the list of all the Practical problems

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