The solution for this question is as follows: Here, Liabilities = 10,000 Capital = 19,700 Assets = 10,000 + 19,700 = 29,700 Q.3 Show the effect of the following transactions on the Accounting Equation: (i) Started business with cash ₹ 50,000. (ii) Salaries paid ₹ 2,000. (iii) Wages Outstanding ₹ 200. (iv) Interest due but not paid ₹ 100. Solution 1: Below are the purposes of the accounting equation:- (i) Accounting equations despites the accuracy of a financial transaction. (ii) From accounting equations we can easily prepare final accounts. Question 2: Which of the following equations are correct? I. Assets = Capital + Liabilities II. Assets = Capital - Liabilities III.
TS Grewal Accountancy Class 11 Solutions Chapter 2 Accounting Equation NCERT Books
NCERT Solutions For Class 11 Accountancy encompasses all the questions provided in NCERT Books for 11th Class Accountancy subject. At BYJU'S, students can download for free. Solution: Question 3 Show the outcome of the following transaction on the accounting equation. Began a company with cash ₹50,000 Salaries paid ₹ 5,000 Wages outstanding ₹1000 Interest due but not paid ₹500 Rent paid in advance ₹ 300 Solution: Question 4 What will be the accounting equation of the following. The solution for this question is as follows: Liabilities = Assets- Capital Liabilities = ₹5,000 + ₹20,000 + ₹60,000 + ₹25,000 - ₹75,000 = ₹1,10,000 - ₹75,000 = ₹35,000 Q.4 What entry (debit or credit) would you make to (a) increase in revenue (b)decrease in expense (c) record drawing (d) record the fresh capital introduced by owner. Solution: Question 6. Prepare an Accounting Equation and Balance Sheet on the following basis: i. Ajeet started business with cash Rs.20,000. ii. He purchased furniture for Rs.2,000. iii. He paid rent of Rs.200.
TS Grewal Solutions for Accounting Equation Class 11 Accountancy Chapter 5 Imperial Study
These solutions for Accounting Equation are extremely popular among class 11 Commerce students for Accountancy Accounting Equation Solutions come handy for quickly completing your homework and preparing for exams. Solution: Question 4. What will be the effect of the following on the Accounting Equation? (i) Harish started business with cash ₹ 18,000 (ii) Purchased goods for Cash ₹ 5,000 and on credit ₹ 2,000 (iii) Sold goods for cash ₹ 4,000 (costing ₹ 2,400) (iv) Rent paid ₹ 1,000 and Rent Outstanding ₹ 200 Solution: Question 5. TS Grewal Accountancy Class 11 solutions is a significant part of the Accountancy syllabus for board exams. This chapter talks about Accountancy Equations. The accounting equation is a reflection of important constituents of a company's financial indices associated very closely with each other. These are Assets, liabilities, and owners' equity. Class 11 || Accounting Equation || Question & Solution || Accountancy || AG TV||Accounting Equation model question https://youtu.be/enTXOz090tU
TS Grewal Accountancy Class 11 Solutions Chapter 2 Accounting Equation NCERT Books TS Grewal
Solution no. 11 in DK Goel accountancy class 11 solutions chapter 6 accounting equation explains the nature of accounts and how to record transactions. After this, in chapter 6 accounts class 11 DK Goel comprehensive solutions of very short type questions are provided. This is an exceptional resource for revision just before the exams. Full syllabus notes, lecture and questions for Accounting Equation - DK Goel Solutions - Class 11 Accountancy - Commerce - Commerce. The "Accounting Equation Commerce Questions" guide is a valuable resource for all aspiring students preparing for the Commerce exam. It focuses on providing a wide range of practice questions to help students.
TS Grewal Accounting Equation Solution Class 11 in PDF. For the convenience of students our team has bundled the TS Grewal Accounting Equation Solution Class 11 in PDF which not only helps students to access the solutions of questions but help them to use them any time they want. PDF is a Portable Document Format file which allows one to access. Answer 1. An Accounting Equation is a mathematical expression which shows that the assets and liabilities of a firm are equal. An Accounting Equation is based on the dual aspect concept of accounting meaning; every transaction has two aspects- debit and credit. It holds that for every debit there is a credit of equal amount and vice versa.
TS Grewal Accountancy Class 11 Solutions Chapter 2 Accounting Equation NCERT Solutions
Students in Class 11 who study accountancy and use the DK Goel Accountancy book to understand concepts of Chapter 6 Accounting Equations should understand the concepts and solve practice questions and exercises given at the end of the chapter. We have provided solutions for all questions and have also provided short notes for each problem. Class 11-commerce CBSE Class 11-commerce Textbook Solutions T S Grewal Solutions Accountancy Chapter 5 Accounting Equation Class 11-commerce T S GREWAL Solutions Accountancy Chapter 5 - Accounting Equation 5.18 5.19 5.20 5.21 5.22 Accounting Equation Exercise 5.18 Solution 1 Solution 2 Solution 3 Solution 4 Accounting Equation Exercise 5.19
