3. Mohit has the following transactions, prepare accounting equation: (a) Business started with cash ₹1,75,000 (b) Purchased goods from Rohit ₹50,000 (c) Sales goods on credit to Manish (Costing ₹17,500) ₹20,000 (d) Purchased furniture for office use ₹10,000 (e) Cash paid to Rohit in full settlement ₹48,500 (f) Cash received from Manish ₹20,000 (g) Rent … Read more
2. Prepare accounting equation from the following: (a) Kunal started business with cash ₹2,50,000 (b) He purchased furniture for cash ₹35,000 (c) He paid commission ₹2,000 (d) He purchases goods on credit ₹40,000 (e) He sold goods (Costing ₹20,000) for cash ₹26,000 NCERT/Numerical Questions/Q-02 Answer : Back
1. Prepare accounting equation on the basis of the following: (a) Harsha started business with cash ₹2,00,000 (b) Purchased goods from Naman for cash ₹40,000 (c) Sold goods to Bhanu costing ₹10,000/- ₹12,000 (d) Bought furniture on credit ₹7,000 NCERT/Numerical Questions/Q-01 Answer : Back
29. Prepare accounting equation from the following: (a) Started business with cash ₹40,000, Goods ₹50,000 and furniture ₹75,000. (b) Charge Depreciation @ 10% on Furniture. (c) Goods costing ₹10,000 sold for ₹11,000 in cash. (Delhi 2020) D.K.Goel/2024 Edition/Practical Questions/Q-29 For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published … Read more
28. Prove that accounting equation is satisfied in all the following cases: (a) Commenced business with cash ₹50,000. (b) Paid rent ₹4,000 including ₹1,000 as advance. (c) Bought goods for cash ₹30,000 and on credit ₹20,000. (d) Sold the goods bought on credit for ₹25,000. (e) Purchased furniture worth ₹10,000 for office use and for … Read more
27. Show the accounting equation on the basis of following transactions : (i) Commenced business with Cash ₹20,000; Goods ₹50,000 and Furniture ₹30,000. (ii) Purchased goods from Gopal on Credit ₹40,000. (iii) Sold goods for Cash ₹40,000 (Costing ₹30,000). (iv) Sold goods to Ram on Credit ₹65,000 (Costing ₹50,000). (v) Withdrew for personal use goods … Read more
26. Show the accounting equation on the basis of the following transactions and also show the Balance Sheet: (i) Started business with Cash ₹60,000. and Goods ₹30,000. (ii) Purchased goods for Cash ₹40,000 and on Credit ₹25,000. (iii) Goods costing ₹48,000 sold at a profit of 33⅓%. Three-fourth payment received in Cash (iv) Goods costing … Read more
25. Prove that the accounting equation is satisfied in the following transactions ₹ (a) Brij Mohan commenced business with Cash 1,00,000 (b) Bought goods for Cash 60,000 (c) 1/3rd of the above goods sold at a profit of 20% on cost. Half the payment received in Cash (d) Purchased typewriter for office use 15,000 (e) … Read more
24. Show the accounting equation on the basis of the following transactions and present a Balance Sheet of the last new equation balance: ₹ (i) Mohan commenced business with 70,000 (ii) Purchased goods on Credit 14,000 (iii) Withdrew for private use 1,700 (iv) Purchased goods for Cash 10,000 (v) Paid wages 300 (vi) Paid to … Read more
23. Prepare accounting equation from the following: (a) Started business with cash ₹50,000 and goods ₹30,000. (b) Purchased goods for cash ₹30,000 and on credit from Karan ₹20,000. (c) Goods costing ₹40,000 were sold for ₹55,000 for cash. (d) Withdrew cash for personal use ₹10,000. (e) Rent outstanding ₹2,000. D.K.Goel/2024 Edition/Practical Questions/Q-23 For full … Read more