T S Grewal 11th – Accounting Equation 26

26. Pranav started business on 1st April, 2023 with capital of ₹5,50,000. On 3lst March, 2024, his total assets were ₹10,75,000 and liabilities were ₹2,92,500. Calculate the amount by which his capital has increased as on 31st March, 2024.    T.S.Grewal/2024 Edition/Practical Problems/Q-26 For full question, please refer to the text book T.S.Grewal’s Double Entry … Read more

T S Grewal 11th – Accounting Equation 23

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 During the year, the proprietor had introduced capital of ₹20,000 and withdrawn ₹12,000 for personal use.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

T S Grewal 11th – Accounting Equation 20

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

T S Grewal 11th – Accounting Equation 19

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

T S Grewal 11th – Accounting Equation 18

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

T S Grewal 11th – Accounting Equation 17

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

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