TS Grewal Solution for Class 11 Accountancy Chapter 2 Accounting Equation
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 Solutions for Class 11 Accountancy Chapter 2 Accounting Equation
By studying this chapter, students will gain a solid understanding of the accounting equation's importance in maintaining balance and its application in financial reporting. TS Grewal Solutions Class 11 Chapter 2 PDF. TS Grewal's Accountancy book is a popular textbook used by students in Class 11th studying Commerce stream.
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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 Solutions for Accounting Equation Class 11 Accountancy Chapter 5 Imperial Study
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.
DK Goel Solutions for Class 11 Accountancy Chapter 6 Accounting Equations
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.
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Are you looking for the solutions of TS Grewal class 11 Accountancy CBSE Board for the 2022-23 Session? I have solved all unsolved questions of all chapters of it Solutions of TS Grewal Class 11 CBSE Board (2022-23) Here is the list below Share your love Anurag Pathak Anurag Pathak is an academic teacher.
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Solution 2: The correct equations from the above equations:-. I. Assets = Capital + Liabilities. IV. Capital = Assets - Liabilities. VIII. Liabilities = Assets - Capital. Hence, the correct equations are I, IV and VIII. Question 3: The position of a businessman on 30th June 1994 was as follows -.
TS Grewal Class 11 Accountancy Solutions Chapter 2 Accounting Equation 2023 Download Free PDF
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.
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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.
TS Grewal Accountancy Class 11 Solutions Chapter 2 Accounting Equation NCERT Solutions
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.
TS Grewal Accountancy Class 11 Solutions Chapter 2 Accounting Equation NCERT Books TS Grewal
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.
TS Grewal Accountancy Class 11 Solutions Chapter 2 Accounting Equation NCERT Books
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.
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Accounting equation for class 11, represents this dual principle of accounting, and it is generally written as under : - Assets = Liabilities + Capital (Accounting equation Problems and Accounting Equation Question are dealt with in Class 11).
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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.
TS Grewal Solutions for Accounting Equation Class 11 Accountancy Chapter 5 Imperial Study
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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.
