29. Prepare accounting equation from the following: (a) Started business with cash ₹40,000, Goods ₹50,000 and furniture ₹75,000. (b) Charge Depreciation @ 10% on Furniture. (c) Goods costing ₹10,000 sold for ₹11,000 in cash. (Delhi 2020) D.K.Goel/2024 Edition/Practical Questions/Q-29 For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published … Read more
28. Prove that accounting equation is satisfied in all the following cases: (a) Commenced business with cash ₹50,000. (b) Paid rent ₹4,000 including ₹1,000 as advance. (c) Bought goods for cash ₹30,000 and on credit ₹20,000. (d) Sold the goods bought on credit for ₹25,000. (e) Purchased furniture worth ₹10,000 for office use and for … Read more
27. Show the accounting equation on the basis of following transactions : (i) Commenced business with Cash ₹20,000; Goods ₹50,000 and Furniture ₹30,000. (ii) Purchased goods from Gopal on Credit ₹40,000. (iii) Sold goods for Cash ₹40,000 (Costing ₹30,000). (iv) Sold goods to Ram on Credit ₹65,000 (Costing ₹50,000). (v) Withdrew for personal use goods … Read more
26. Show the accounting equation on the basis of the following transactions and also show the Balance Sheet: (i) Started business with Cash ₹60,000. and Goods ₹30,000. (ii) Purchased goods for Cash ₹40,000 and on Credit ₹25,000. (iii) Goods costing ₹48,000 sold at a profit of 33⅓%. Three-fourth payment received in Cash (iv) Goods costing … Read more
25. Prove that the accounting equation is satisfied in the following transactions ₹ (a) Brij Mohan commenced business with Cash 1,00,000 (b) Bought goods for Cash 60,000 (c) 1/3rd of the above goods sold at a profit of 20% on cost. Half the payment received in Cash (d) Purchased typewriter for office use 15,000 (e) … Read more
24. Show the accounting equation on the basis of the following transactions and present a Balance Sheet of the last new equation balance: ₹ (i) Mohan commenced business with 70,000 (ii) Purchased goods on Credit 14,000 (iii) Withdrew for private use 1,700 (iv) Purchased goods for Cash 10,000 (v) Paid wages 300 (vi) Paid to … Read more
23. Prepare accounting equation from the following: (a) Started business with cash ₹50,000 and goods ₹30,000. (b) Purchased goods for cash ₹30,000 and on credit from Karan ₹20,000. (c) Goods costing ₹40,000 were sold for ₹55,000 for cash. (d) Withdrew cash for personal use ₹10,000. (e) Rent outstanding ₹2,000. D.K.Goel/2024 Edition/Practical Questions/Q-23 For full … Read more
22. Prepare Accounting Equation on the basis of the following transactions: (a) Started business with cash ₹70,000. (b) Credit purchase of goods ₹18,000. (c) Payment made to creditors in full settlement ₹17,500. (d) Purchase of machinery for cash ₹20,000. D.K.Goel/2024 Edition/Practical Questions/Q-22 For full question, please refer to the text book Accountancy Class-XI by … Read more
21. From the following particulars, prepare the Proprietor’s Capital A/c ₹ 2017 April 1 Started business with 45,000 May 10 Withdrew from business for personal use 10,000 July 15 Further capital introduced 55,000 Nov. 30 Income tax paid 5,000 2018 March 31 Profit for the year 30,000 D.K.Goel/2024 Edition/Practical Questions/Q-21 For full question, please refer … Read more
20. Put the following on the proper side of Cash account, Debtor’s account and Creditor’s account: (a) Sold goods for cash ₹60,000. (b) Sold goods to Hari on credit ₹20,000. (c) Purchased goods from Krishan on credit ₹36,000. (d) Purchased goods from Krishan for cash ₹10,000. (e) Cash received from Hari ₹15,000. (f) Cash paid … Read more