D K Goel 11th – Accounting Equation 8

8. Prepare the Accounting Equation on the basis of the following: (a) Started business with cash ₹1,40,000 and Stock ₹2,50,000. (b) Sold goods (costing ₹50,000) at a profit of 25% on cost. (c) Deposited into bank account ₹1,80,000.  (d) Purchased goods from Mohan ₹80,000. D.K.Goel/2024 Edition/Practical Questions/Q-08 For full question, please refer to the text … Read more

D K Goel 11th – Accounting Equation 7

7. Use Accounting Equation to show the effect of the following transactions of M/s Royal Traders: ₹ (a) Started Business with Cash 1,20,000 (b) Purchased goods for cash 10,000 (c) Rent received 5,000 (d) Salary outstanding 2,000 (e) Received interest 700 (f) Sold goods for cash (costing ₹5,000) 7,000 (g) Goods destroyed by fire 500 … Read more

D K Goel 11th – Accounting Equation 6

6. What will be the effect of the following on the Accounting Equation? (i) Harish started business with cash ₹1,80,000. (ii) Purchased goods for cash ₹60,000 and on credit ₹30,000. (iii) Sold goods for cash ₹40,000; costing ₹24,000. (iv) Rent paid ₹5,000; and rent outstanding ₹2,000. (v) Sold goods on credit ₹50,000 (costing ₹38,000). (vi) … Read more

D K Goel 11th – Accounting Equation 4

4. Prepare Accounting Equation from the following: ₹ (a) Kunal started business with cash 2,50,000 (b) He purchased furniture for cash 35,000 (c) He paid commission 2,000 (d) He purchased goods on credit 40,000 (e) He sold goods (Costing ₹20,000) for cash 26,000 (NCERT Q. 2) D.K.Goel/2024 Edition/Practical Questions/Q-04 For full question, please refer to … Read more

D K Goel 11th – Accounting Equation 3

3. Prepare Accounting Equation from the following: Started business with Cash ₹2,00,000. Purchased goods for Cash ₹60,000 and on Credit ₹1,50,000. Sold goods for Cash costing ₹40,000 at a profit of 20% and on Credit costing ₹72,000 at a profit of 25%. Paid for Rent ₹5,000. D.K.Goel/2024 Edition/Practical Questions/Q-03 For full question, please refer to … Read more

T S Grewal 11th – Accounting Equation 26

26. Pranav started business on 1st April, 2023 with capital of ₹5,50,000. On 3lst March, 2024, his total assets were ₹10,75,000 and liabilities were ₹2,92,500. Calculate the amount by which his capital has increased as on 31st March, 2024.    T.S.Grewal/2024 Edition/Practical Problems/Q-26 For full question, please refer to the text book T.S.Grewal’s Double Entry … Read more

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