T S Grewal 11th – Accounting Equation 14

14. Prepare an Accounting Equation from the following: (a) Started business with cash ₹1,00,000. (b) Purchased goods for cash ₹20,000 and on credit ₹30,000. (c) Sold goods for cash costing ₹ 10,000 and on credit costing ₹15,000 both at a profit of 20%. (d) Paid salaries ₹8,000. (Delhi)   T.S.Grewal/2024 Edition/Practical Problems/Q-14 For full question, … Read more

T S Grewal 11th – Accounting Equation 13

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 … Read more

T S Grewal 11th – Accounting Equation 11

11. Show the effect of the following transactions and also prepare a Balance Sheet: ₹ (i) Started business with cash 60,000 (ii) Rent received 2,000 (iii) Accrued interest 500 (iv) Commission received in advance 1,000 (v) Amount withdrawn 5,000   T.S.Grewal/2024 Edition/Practical Problems/Q-11 For full question, please refer to the text book T.S.Grewal’s Double Entry … Read more

T S Grewal 11th – Accounting Equation 9

9. 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) Sold goods for cash (costing ₹5,000) 7,000 (f) Goods destroyed by fire 500 (KVS)   T.S.Grewal/2024 Edition/Practical Problems/Q-09 For full question, … Read more

T S Grewal 11th – Accounting Equation 6

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   T.S.Grewal/2024 Edition/Practical Problems/Q-06 For full question, please refer … Read more

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