Скачать или смотреть Accounting Equation chapter -5(T.S.Grewal) Solutions: question no 4, 5, & 6 class 11 accounts (2022)

Accounting Equation chapter -5(T.S.Grewal) Solutions: question no 4, 5, & 6 class 11 accounts (2022)

00:00 intro
01:10 solution 4
08:08 solution 5
18:51 solution 6

. Prepare Accounting Equation from the following:

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

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

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

[Assets: Cash 1,12,000+ Stock₹10,000+ Furniture Liabilities: Creditors for Furniture 30,000+ Capital: 30,000 = 1,22,000.]

5. Develop an Accounting Equation from the following transactions:

(i) Mohan commenced business with cash

(ii) Purchased goods for cash

(iii) Purchased goods on credit

(iv) Sold goods (costing 10,000) for

(v) Bought furniture on credit

(vi) Paid cash to a creditor

(vii) Salary paid

50,000

30,000

20,000

12,000

2,000

15,000

1,000

2,000 = [Assets: Cash 16,000 + Stock 40,000+ Furniture

51,000.] Liabilities: Creditors 5,000+ Vendor for Furniture 2,000+ Capital:

6. Prepare an Accounting Equation on the basis of the following transactions:

(i) Started business with cash 70,000.

(ii) Credit purchase of goods ₹ 18,000.

(iii) Payment made to creditors in full settlement 17,500.

(iv) Purchase of machinery for cash 20,000,

(v) Depreciation on machinery₹ 2,000.

[Assets: Cash 32,500 + Stock 18,000 + Machinery 18,000 = Liabilities: Nil + Capital: 68,500.]

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