25. Calculate the amount of External Equities as on 31st March, 2024 in the following cases: (i) On 31st March, 2024, total assets and capital were ₹15,00,000 and ₹10,50,000 respectively. (ii) On 1st April, 2023, Mukesh started business with a capital of ₹3,00,000 and a loan of ₹3,00,000 borrowed from a friend. During the year, … Read more
24. Mohan started a business on lst April, 2023 with a capital of ₹25,000 and a loan of ₹12,500 borrowed from Shyam. During 2023-24, he had introduced additional capital of ₹12,500 and had withdrawn ₹7,500 for personal use. On 31lst March, 2024, his assets were ₹75,000. Find his capital as on 31st March, 2024 and … Read more
23. On 31st March, 2024, total assets and external liabilities were ₹2,00,000 and ₹6,000 respectively. During the year, the proprietor had introduced capital of ₹20,000 and withdrawn ₹12,000 for personal use. He earned a profit of ₹ 20,000 during the year. Calculate the capital as on lst April, 2023. T.S.Grewal/2024 Edition/Practical Problems/Q-23 For full … Read more
22. (a) Mohan started a business on 1st April, 2023 with a capital of ₹ 10,000 and borrowed ₹3,000 from a friend. He earned a profit of ₹5,000 during the year ended 31st March, 2024 and withdrew cash ₹4,000 for personal use. What is his capital on 31st March, 2024? (b) Mahesh started a business … Read more
21. (a) Gurman had a capital of ₹75,000 on 1st April, 2023. He had also goods amounting to ₹15,000 which he had purchased on credit and the payment had not been made. Find out the value of the total assets of the business. (b) He incurred loss of ₹1,700. He withdrew ₹800 for his personal … Read more
20. Calculate the total assets if: (i) Capital is ₹40,000. (ii) Creditors are ₹25,000. (iii) Revenue during the period is ₹50,000. (iv) Expenses during the period are ₹40,000. (Delhi) T.S.Grewal/2024 Edition/Practical Problems/Q-20 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 … Read more
19. A commenced his cloth business on 1st April, 2023 with a capital of ₹30,000. On 31st March 2024, his assets were worth ₹50,000 and liabilities of ₹10,000. Find his closing capital and profits earned during the year. T.S.Grewal/2024 Edition/Practical Problems/Q-19 For full question, please refer to the text book T.S.Grewal’s Double Entry Book … Read more
18. If total assets of a business are ₹1,30,000 and net worth is ₹80,000, calculate the creditors. T.S.Grewal/2024 Edition/Practical Problems/Q-18 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. Answer : Back
17. If the capital of a business is ₹3,00,000 and liabilities are ₹50,000, loss ₹70,000, calculate the total assets of the business. T.S.Grewal/2024 Edition/Practical Problems/Q-17 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. Answer … Read more
16. Show an Accounting Equation on the basis of the following transactions: ₹ (i) Sunil started business with cash 1,50,000 (ii) Opened a Bank Account by depositing cash 25,000 (iii) He sold his personal car and deposited the amount in the firm’s Bank Account 50,000 (iv) He purchased a building and furniture for 1,00,000 (v) … Read more