RAWAL BSK SR. SEC.
SCHOOL
HOLIDAY HOMEWORK (2025-26)
Class:- XI SUBJECT:-ACCOUNTANCY
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Activity based HW
• Read newspaper’ The Economics Times’ and keep the record of share price
of any 10 Companies for 10 days.
• Watch one Business news daily. Ref: NDTV, CNBC, Zee Business.
• Approach a nearby bank & collect information about various facilities offered by it and collect
information on voucher of different types of Account-Pay in slip, withdrawal slip, Rate of FD and
RD them like
a) Opening a Bank A/C
b) Different types of Bank A/c that can be maintained with a Bank
c) Procedure of Deposits and withdrawl
d) Overdraft Facility
e) Use of ATM Card/Debit Card /Credit Card
• Prepare a project on different Vouchers used in the Business Organisation.
ASSIGNMENT SHEET
Solve the assignment sheet given below in fair note book and submit it when summer break
finish.
ACCOUNTING EQUATION
Q1 : Prepare accounting equation on the basis of the following:
(a) Harsha started business with cash Rs 2,00,000
(b) Purchased goods from Naman for cash Rs 40,000
(c) Sold goods to Bhanu costing Rs 10,000/- Rs 12,000
(d) Bought furniture on credit Rs 7,000
Q2 : 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 Rs 20,000) for cash 26,000
Q3 : 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 Rs 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 paid 1,000
(h) Cash withdrew for personal use 3,000
Q4 : Rohit has the following transactions:
(a) Commenced business with cash 1,50,000
(b) Purchased machinery on credit 40,000
(c) Purchased goods for cash 20,000
(d) Purchased car for personal use 80,000
(e) Paid to creditors in full settlement 38,000
(f) Sold goods for cash costing Rs 5,000 4,500
(g) Paid rent 1,000
(h) Commission received in advance 2,000
Q5 : Use accounting equation to show the effect of the following transactions of M/s Royal
Traders:
(a) Started business with cash 1,20,000
(b) Purchased goods for cash 10,000
(c) Rent received 5,000
(d) Salary outstanding 2,000
(e) Prepaid Insurance 1,000
(f) Received interest 700
(g) Sold goods for cash (costing Rs 5,000) 7,000
(h) Goods destroyed by fire 500
Q6 : Show the accounting equation on the basis of the following transaction:
(a) Udit started business with:
(i) Cash
(ii) Goods
(b) Purchased building for cash
(c) Purchased goods from Himani
(d) Sold goods to Ashu (Cost Rs 25,000)
(e) Paid insurance premium
(f) Rent outstanding
(g) Depreciation on building
(h) Cash withdrawn for personal use
(i) Rent received in advance
(j) Cash paid to Himani on account
(k) Cash received from Ashu
Q7 : Show the effect of the following transactions on Assets, Liabilities and Capital
through accounting equation:
(a) Started business with cash
(b) Rent received
(c) Invested in shares
(d) Received dividend
(e) Purchase goods on credit from Ragani
(f) Paid cash for house hold Expenses
(g) Sold goods for cash (costing Rs 10,000)
(h) (i) Cash paid to Ragani Deposited into bank
Q8 : Show the effect of following transaction on the accounting equation:
(a) Manoj started business with
(i) Cash 2,30,000
(ii) Goods 1,00,000
(iii) Building 2,00,000
(b) He purchased goods for cash 50,000
(c) He sold goods(costing Rs 20,000) 35,000
(d) He purchased goods from Rahul 55,000
(e) He sold goods to Varun (Costing Rs 52,000) 60,000
(f) He paid cash to Rahul in full settlement 53,000
(g) Salary paid by him 20,000
(h) Received cash from Varun in full settlement 59,000
(i) Rent outstanding 3,000
(j) Prepaid Insurance 2,000
(k) Commission received by him 13,000
(l) Amount withdrawn by him for personal use 20,000
(m) Depreciation charge on building 10,000
(n) Fresh capital invested 50,000
(o) Purchased goods from Rakhi 6,000
Q9 : Transactions of M/s. Vipin Traders are given below.
Show the effects on Assets, Liabilities and Capital with the help of accounting Equation.
(a) Business started with cash 1,25,000
(b) Purchased goods for cash 50,000
(c) Purchase furniture from R.K. Furniture 10,000
(d) Sold goods to Parul Traders (costing Rs 7,000 vide bill no. 5674) 9,000
(e) Paid cartage 100
(f) Cash Paid to R.K. furniture in full settlement 9,700
(g) Cash sales (costing Rs 10,000) 12,000
(h) Rent received 4,000
(i) Cash withdrew for personal use
