13. Prepare an Accounting Equation from the following:
| (i) | Started business with cash ₹50,000 and goods ₹30,000. |
| (ii) | Purchased goods for cash ₹30,000 and on credit from Karan ₹20,000. |
| (iii) | Goods costing ₹40,000 were sold for ₹55,000. |
| (iv) | Withdrew cash for personal use ₹10,000. |
| (v) | Rent outstanding ₹2,000. |
(MSE Chandigarh)
T.S.Grewal/2024 Edition/Practical Problems/Q-13
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.