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Category Accounting Equation

Accounting Equation 32 Questions

0 Votes 1 Ans

Show the effect of the following transactions on assets, liabilities and capital using the Accounting Equation. Also prepare a Balance Sheet.

977 viewsAnurag Pathak Changed status to publish September 18, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Prove that the Accounting Equation is satisfied in all the following transactions of Suresh. Also prepare a Balance Sheet.

855 viewsAnurag Pathak Changed status to publish September 18, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Started business with cash ₹ 1,00,000 and Goods ₹ 20,000 Prepare Accounting Equation from the following

890 viewsAnurag Pathak Changed status to publish September 18, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Harish Started business with cash ₹ 18,000 What will be the effect of the following on the Accounting Equation?

962 viewsAnurag Pathak Changed status to publish September 18, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Started business with cash ₹ 50,000 Show the effect of the following transactions on the Accounting Equation:

832 viewsAnurag Pathak Changed status to publish September 18, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Gopinath Started business with cash ₹ 25,000: Show the Accounting Equation on the basis of the following transactions

893 viewsAnurag Pathak Changed status to publish September 18, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Pranav started business on 1st April, 2021 with capital of ₹ 5,50,000. On 31st March, 2022 his total assets were ₹ 10,75,000 and liabilities were ₹ 2,92,500

1.82K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Calculate the amount of External Equities as on 31st March, 2022 in the following cases: On 31st March, 2022, total assets and capital were ₹ 15,00,000

2.62K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Mohan started a business on 1st April, 2021 with a capital of ₹ 25,000 and a loan of ₹ 12,500 borrowed from Shyam

1.48K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

On 31st March, 2022, the total assets and external liabilities were ₹ 2,00,000 and ₹ 6,000 respectively

1.75K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Mohan started a business on 1st April, 2021 with a capital of ₹ 10,000 and borrowed ₹ 3,000 from a friend

1.37K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Gurman had a capital of ₹ 75,000 on 1st April, 2021. He had also goods amounting to ₹ 15,000 which he had purchased on credit and the payment had not been made

1.27K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Calculate the total assets if: (i) Capital is ₹ 40,000. (ii) Creditors are ₹ 25,000. (iii) Revenue during the period is ₹ 50,000.

1.17K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

A commenced his cloth business on 1st April, 2021 with a capital of ₹ 30,000. On 31st March, 2022, his assets were worth ₹ 50,000 and liabilities of ₹ 10,000

1.12K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

If total assets of a business are ₹ 1,30,000 and net worth is ₹ 80,000. Calculate the creditors.

961 viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

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.

1.20K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Show an Accounting Equation on the basis of the following transactions: Sunil Started business with cash ₹ 1,50,000 Opened a Bank Account by depositing ₹ 25,000 out of cash

2.38K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Show an Accounting Equation for the following transactions: D. Mahapatra commenced business with cash ₹ 50,000 and ₹ 1,00,000 by cheque

1.74K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Prepare Accounting Equation from the following: (a) Started business with cash ₹ 1,00,000.

978 viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Prepare an Accounting Equation from the following: (i) Started business with cash ₹ 50,000 and goods ₹ 30,000.

1.12K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Raghunath had the following transactions in an accounting year: (i) Commenced business with cash ₹ 50,000. (ii) Paid into bank ₹ 10,000.

1.30K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Show the effect of the following transactions and also prepare a Balance Sheet: Started business with cash ₹ 60,000.

1.10K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Prove that the Accounting Equation is satisfied in all the following transactions of Suresh. Also prepare a Balance Sheet.

1.37K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

Use accounting equation to show the effect of the following transactions of M/s Royal Traders: Started business with cash ₹ 1,20,000

1.54K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

0 Votes 1 Ans

What will be the effect of the following on the Accounting Equation? Harish started business with cash ₹ 18,000

1.23K viewsAnurag Pathak Changed status to publish September 16, 2023Accounting Equation TS Grewal Class 11

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