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Solution of Q 14 Accounting Procedures-Rules of Debit and Credit TS Grewal Class 11 (2023-24) CBSE

Question 14 of 14Chapter 6Class 11 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 14, Chapter 6 Accounting Procedures – Rules of Debit and Credit, TS Grewal Class 11 Accountancy 2023-24 for the CBSE Board.

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Question 14

From the following particulars, prepare the proprietor’s Capital Account:

  1. 2022 April 1 — Started business with cash ₹45,000
  2. May 10 — Withdrew from business for personal use ₹10,000
  3. July 15 — Further Capital introduced ₹55,000
  4. Nov. 30 — Income tax paid ₹5,000
  5. 2023 Mar. 31 — Profit for the year ₹30,000
TS Grewal Class 11 Rules of Debit and Credit Question 14

Solution

Solution of Q 14 Rules of Debit and Credit TS Grewal 2023-24
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About this solution

This is Chapter 6 Accounting Procedures-Rules of Debit and Credit of TS Grewal Edition 2023-24.

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.

Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.

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