Accounting Equation Solutions TS Grewal Class 11 [2025-26]
Question 1:
What will be effect of the following on the Accounting Equation?
(i) Started business with cash ₹ 45,000
(ii) Opened a Bank Account with a deposit of ₹ 4,500
(iii) Bought goods from M/s Sun & Co. for ₹ 11,200
Question 2:
Show the Accounting Equation for the following transactions:
| (i) Gopinath started business with cash | ₹ 25,000 |
| (ii) Purchased goods from Shyam | ₹ 10,000 |
| (iii) Sold goods to Sohan costing ₹ 1,800 | ₹ 1,500 |
| (iv) Gopinath withdrew from business | ₹ 5,000 |
Question 3:
Prepare an Accounting Equation and Balance Sheet on the following basis:
(i) Gurman Started business with cash ₹ 20,000.
(ii) He purchased furniture for ₹ 2,000.
(iii) He paid rent of ₹ 200.
(iv) He purchased goods on credit ₹ 3,000.
(v) He sold goods (cost price ₹ 2,000) for ₹ 5,000 on cash.
Question 4:
Prepare Accounting Equation from the following:
(i) Started business with cash ₹ 1,00,000 and Goods ₹ 20,000.
(ii) Sold goods worth ₹ 10,000 for cash ₹ 12,000.
(iii) Purchased furniture on credit for ₹ 30,000.
Question 5:
Develop an Accounting Equation from the following transactions:
| i) Mohan commenced business with cash | ₹ 50,000 |
| ii) Purchase goods for cash | ₹ 30,000 |
| iii) Purchased goods on credit | ₹ 20,000 |
| iv) Sold goods (costing ₹ 10,000) for | ₹ 12,000 |
| v) Bought furniture on credit | ₹ 2,000 |
| vi) Paid cash to a creditor | ₹ 15,000 |
| vii) Salary paid | ₹ 1,000 |
Question 6:
Prepare an Accounting Equation on the basis of the following transactions:
(i) Started business with cash ₹ 70,000.
(ii) Credit purchase of goods ₹ 18,000.
(iii) Payment made to creditors in full settlement ₹ 17,500.
(iv) Purchase of machinery for cash ₹ 20,000.
(v) Depreciation on machinery ₹ 2,000.
