5. Develop an Accounting Equation from the following transactions: ₹ (i) Mohan commenced business with cash 50,000 (ii) Purchased goods for cash 30,000 (iii) Purchased goods on credit 20,000 (iv) Sold goods (costing ₹ 10,000) for 12,000 (v) Bought furniture on credit 2,000 (vi) Paid cash to a creditor 15,000 (vii) Salary paid 1,000 … Read more
4. Prepare Accounting Equation from the following: ₹ (i) Started business with cash ₹1,00,000 and Goods 20,000 (ii) Sold goods worth ₹10,000 for cash 12,000 (iii) Purchased furniture on credit for 30,000 T.S.Grewal/2024 Edition/Practical Problems/Q-04 For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class … Read more
3. Prepare an Accounting Equation and Balance Sheet on the following basis: ₹ (i) Gurman started business with cash 20,000 (ii) He purchased furniture for 2,000 (iii) He paid rent of 200 (iv) He purchased goods on credit 3,000 (v) He sold goods (cost price ₹2,000) in cash for 5,000 T.S.Grewal/2024 Edition/Practical Problems/Q-03 For … Read more
2. Show the Accounting Equation for the following transactions: ₹ (i) Gopinath started business with cash 25,000 (ii) Purchased goods from Shyam 10,000 (iii) Sold goods to Sohan costing ₹1,800 1,500 (iv) Gopinath withdrew from business 5,000 T.S.Grewal/2024 Edition/Practical Problems/Q-02 For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial … Read more
1. What will be effect of the following on the Accounting Equation? ₹ (i) Started business with cash 45,000 (ii) Opened a Bank Account with a deposit of 4,500 (iii) Bought goods from M/s. Sun & Co. for 11,200 T.S.Grewal/2024 Edition/Practical Problems/Q-01 For full question, please refer to the text book T.S.Grewal’s Double Entry … Read more