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(v) Amount withdrawn 5,000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 Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.

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