{"id":146714,"date":"2021-11-03T11:56:24","date_gmt":"2021-11-03T06:26:24","guid":{"rendered":"https:\/\/www.kopykitab.com\/blog\/?p=146714"},"modified":"2023-09-01T10:23:45","modified_gmt":"2023-09-01T04:53:45","slug":"dk-goel-solutions-class-11-accountancy-chapter-6-accounting-equations","status":"publish","type":"post","link":"https:\/\/www.kopykitab.com\/blog\/dk-goel-solutions-class-11-accountancy-chapter-6-accounting-equations\/","title":{"rendered":"DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations (Updated For 2023-24)"},"content":{"rendered":"\n<p><img class=\"alignnone size-full wp-image-146983\" src=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/11\/Chapter-6-Accounting-Equations.jpg\" alt=\"DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/11\/Chapter-6-Accounting-Equations.jpg 1200w, https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/11\/Chapter-6-Accounting-Equations-768x432.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><strong>DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations:&nbsp;<\/strong>If you are looking for a good help guide for Class 11 Accountancy, we recommend you DK Goel Solutions Class 11 Accountancy Chapter 6. All the solutions of DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations are designed by subject matter experts for your better understanding.<\/p>\n<p>Download the Free PDF of <a href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-class-11-accountancy-solutions\/\" target=\"_blank\" rel=\"noopener\">DK Goel Solutions Class 11 Accountancy<\/a> Chapter 6 Accounting Equations using the download link given in the blog. To know more, read the whole blog.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_47_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69e1c955660de\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" 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href=\"https:\/\/www.kopykitab.com\/blog\/dk-goel-solutions-class-11-accountancy-chapter-6-accounting-equations\/#is-the-dk-goel-solutions-class-11-accountancy-chapter-6-accounting-equations-a-credible-source-for-class-11-accountancy-exam-preparation\" title=\"Is the\u00a0DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations a credible source for Class 11 Accountancy exam preparation?\">Is the\u00a0DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations a credible source for Class 11 Accountancy exam preparation?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"download-dk-goel-solutions-class-11-accountancy-chapter-6-accounting-equations-pdf\"><\/span>Download DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/11\/6ch.pdf\" target=\"_blank\" rel=\"noopener\">DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations<\/a><\/p>\n<div id=\"example1\" style=\"text-align: justify;\">&nbsp;<\/div>\n<p style=\"text-align: justify;\"><style>\n.pdfobject-container { height: 500px;}<br \/>\n.pdfobject { border: 1px solid #666; }<br \/>\n<\/style><\/p>\n<p style=\"text-align: justify;\"><script src=\"https:\/\/www.kopykitab.com\/_utility\/js\/pdfobject.min.js\"><\/script><br><script>PDFObject.embed(\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/11\/6ch.pdf\", \"#example1\");<\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"access-solutions-of-dk-goel-solutions-class-11-accountancy-chapter-6-accounting-equations\"><\/span>Access Solutions Of DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Question 1:&nbsp;Give two basic purposes of the accounting equation.<\/strong><\/p>\n<p><strong>Solution 1:&nbsp;<\/strong>Below are the purposes of the accounting equation:-<\/p>\n<p>(i) Accounting equations despite the accuracy of a financial transaction.<\/p>\n<p>(ii) From accounting equations we can easily prepare final accounts.&nbsp;<\/p>\n<p><strong>Question 2: Which of the following equations are correct?<\/strong><br>I. Assets = Capital + Liabilities<br>II. Assets = Capital \u2013 Liabilities<br>III. Assets = Liabilities \u2013 Capital<br>IV. Capital = Assets \u2013 Liabilities<br>V. Capital = Assets + Liabilities<br>VI. Liabilities = Capital + Assets<br>VII. Liabilities = Capital \u2013 Assets<br>VIII. Liabilities = Assets \u2013 Capital<\/p>\n<p><strong>Solution 2: The correct equations from the above equations:-<\/strong><br>I. Assets = Capital + Liabilities<br>IV. Capital = Assets \u2013 Liabilities<br>VIII. Liabilities = Assets \u2013 Capital<br>Hence, the correct equations are I, IV and VIII.<\/p>\n<p><strong>Question 3:&nbsp;The position of a businessman on 30th June 1994 was as follows \u2013<\/strong><\/p>\n<p>Cash Rs. 5,000, Debtor Rs. 20,000, Machinery Rs. 60,000, Stock Rs. 25,000, Capital Rs. 75,000. Calculate his liabilities.<\/p>\n<p><strong>Solution 3:<\/strong><br>It is given that<br>Capital = Rs. 75,000<\/p>\n<p>Calculation of Total Assets:-<br>Total Assets = Cash + Debtors + Machinery + Stock<br>Total Assets = Rs. 5,000 + Rs. 20,000 + Rs. 60,000 + Rs. 25,000<br>Total Assets = Rs. 1,10,000<\/p>\n<p>Calculation of Liabilities:-<br>Liabilities = Assets \u2013 Capital<br>Liabilities = Rs. 1,10,000 \u2013 Rs. 75,000<br>Liabilities = Rs. 35,000<\/p>\n<div class=\"google-auto-placed ap_container\">\n<p><strong>Question 4: What entry (debit or credit) would you make to:-<\/strong><br>(a) Increase in revenue<br>(b) Decrease in expense<br>(c) Record drawing<br>(d) Record the fresh capital introduced by the owner<\/p>\n<p><strong>Solution 4:<\/strong><br>(a) Credit \u2013 Increase in revenue<br>(b) Credit \u2013 Decrease in expense<br>(c) Debit in Capital Account \u2013 Record drawing<br>(d) Credit in Capital Account \u2013 Record the fresh capital introduced by the owner<\/p>\n<p><strong>Question 5:&nbsp;If a transaction has the effect of decreasing an asset, is the decrease recorded as a debit or credit? If the transaction has the effect of decreasing a liability, is the decrease recorded as a debit or credit?<\/strong><\/p>\n<p><strong>Solution 5:&nbsp;<\/strong>(i) Assets decrease will be the credit.<\/p>\n<p>(ii) Liability Decrease will be the debit.<\/p>\n<p><strong>Question 6:&nbsp;Name the transaction that will<\/strong><\/p>\n<p>(i) Decrease the assets and decrease the capital<\/p>\n<p>(ii) Increase the assets and increase the liabilities<\/p>\n<p>(iii) Increase the assets and decrease another asset<\/p>\n<p>(iv) Decrease the assets and decrease the liabilities<\/p>\n<p><strong>Solution 6:&nbsp;<\/strong>(i) Decrease the assets and decrease the capital \u2013 Cash withdraws for personal use Drawings.<\/p>\n<p>(ii) Increase the assets and increase the liabilities \u2013 Purchase an asset on a credit basis.<\/p>\n<p>(iii) Increase the assets and decrease another asset \u2013 Sale or purchases of stock on a cash basis.<\/p>\n<p>(iv) Decrease the assets and decrease the liabilities \u2013 Paid amount to creditors.&nbsp;<\/p>\n<p><strong>Question 7: What will be the effect of the following on the accounting equation:-<\/strong><br>(i) Purchased goods for Rs. 20,000 from Mahesh on credit<br>(ii) Sold goods to Suresh costing Rs. 8,000 for Rs. 10,000 in cash<br>(iii) Paid wages Rs. 500<br>(iv) Withdrew in cash for private use Rs. 2,000<br>(v) Paid to creditors Rs. 2,000<\/p>\n<p><strong>Solution 7:&nbsp;<\/strong>(i) Stock Increases by Rs. 20,000 on assets and Creditors Increases by Rs. 20,000 on liabilities.&nbsp;<\/p>\n<p>(ii) Cash Increase by Rs. 10,000 on assets, Stock decrease by Rs. 8,000 on assets and Capital increase by Rs. 2,000.<\/p>\n<p>(iii) Cash Decrease by Rs. 500 on assets and Capital decrease by Rs. 500.<\/p>\n<p>(iv) Cash Decrease by Rs. 2,000 on assets and Capital decrease by Rs. 2,000.<\/p>\n<p>(v) Cash Decreases by Rs. 2,000 on assets and creditors decrease by Rs. 2,000 on liabilities.<\/p>\n<p><strong>Question 8:&nbsp;If the total asset of a business is Rs. 2,00,000 and the net worth (capital) is Rs. 1,50,000. Calculate creditors.<\/strong><\/p>\n<p><strong>Solution 8:<\/strong><br>Liabilities (Creditors) = Assets \u2013 Capital<br>Creditors = Rs. 2,00,000 \u2013 Rs. 1,50,000<br>Creditors = Rs. 50,000<br>Therefore, the amount of creditors are Rs. 50,000.<\/p>\n<p><strong>Question 9:&nbsp;A business on 1st April 2011 with a capital of Rs. 5,00,000. On 31st March 2012, his assets were worth Rs. 7,80,000 and liabilities Rs. 70,000. Find out his closing capital and profits earned during the year.<\/strong><\/p>\n<p><strong>Solution 9:<\/strong><br>Calculation of Closing Capital:-<br>Closing Capital = Closing Assets \u2013 Closing liabilities<br>Closing Capital = Rs. 7,80,000 \u2013 Rs. 70,000<br>Closing Capital = Rs. 7,10,000<\/p>\n<p>Calculation of Profit:-<br>Profit = Closing Capital \u2013 Opening Capital<br>Profit = Rs. 7,10,000 \u2013 Rs. 5,00,000<br>Profit = Rs. 2,10,000<br>Therefore, Profit of the firm is Rs. 2,10,000.<\/p>\n<p><strong>Question 10:&nbsp;On which side will the increase in the following account be recorded? Also, mention the nature of the account.<\/strong><\/p>\n<ol>\n<li>Cash&nbsp;<\/li>\n<li>Machinery&nbsp;<\/li>\n<li>Debtor&nbsp;<\/li>\n<li>Creditor&nbsp;<\/li>\n<li>Proprietor\u2019s Account<\/li>\n<li>Rent Received<\/li>\n<li>Salary Paid<\/li>\n<li>Interest Received<\/li>\n<\/ol>\n<p><strong>Solution 10:<\/strong><\/p>\n<ol>\n<li>Cash<br><strong>Nature of Account<\/strong>&nbsp;\u2013 Assets<br><strong>Side of the Account<\/strong>&nbsp;\u2013 Debit<\/li>\n<li>Machinery<br><strong>Nature of Account<\/strong>&nbsp;\u2013 Asset<br><strong>Side of the Account&nbsp;<\/strong>\u2013 Debit<\/li>\n<li>Debtors<br><strong>Nature of Account&nbsp;<\/strong>\u2013 Asset<br><strong>Side of the Account<\/strong>&nbsp;\u2013 Debit<\/li>\n<li>Creditors<br><strong>Nature of Account \u2013&nbsp;<\/strong>Liabilities<br><strong>Side of the Account&nbsp;<\/strong>\u2013 Credit<\/li>\n<li>Proprietor\u2019s Accounts<br><strong>Nature of Account \u2013<\/strong>&nbsp;Capital<br><strong>Side of the Account \u2013<\/strong>&nbsp;Credit<\/li>\n<li>Rent Received<br><strong>Nature of Account \u2013<\/strong>&nbsp;Income<br><strong>Side of the Account \u2013<\/strong>&nbsp;Credit<\/li>\n<li>Salary paid<br><strong>Nature of Account \u2013<\/strong>&nbsp;Expenses<br><strong>Side of the Account \u2013&nbsp;<\/strong>Debit<\/li>\n<li>Interest Received<br><strong>Nature of Account \u2013&nbsp;<\/strong>Income<br><strong>Side of the Account \u2013<\/strong>&nbsp;Credit<\/li>\n<\/ol>\n<p><strong>Question 11: On which side will the increase in the following account be recorded? Also, mention the nature of the account.<\/strong><\/p>\n<ol>\n<li>Furniture<\/li>\n<li>Bank<\/li>\n<li>Proprietor\u2019s Account<\/li>\n<li>Salary Paid<\/li>\n<li>Salary Outstanding<\/li>\n<li>Subash \u2013 A Customer<\/li>\n<\/ol>\n<p><strong>Solution 11:<\/strong>&nbsp;S.no.-Particulars-Nature of Account-Side of the Account<\/p>\n<ol>\n<li>Furniture<br><strong>Nature of Account \u2013&nbsp;<\/strong>Assets<br><strong>Side of the Account \u2013&nbsp;<\/strong>Debit<\/li>\n<li>Bank-Assets-Credit<br><strong>Nature of Account \u2013<\/strong>&nbsp;Assets<br><strong>Side of the Account \u2013<\/strong>&nbsp;Debit<\/li>\n<li>Proprietor\u2019s Account-Capital-Debit<br><strong>Nature of Account \u2013&nbsp;<\/strong>Capital<br><strong>Side of the Account \u2013<\/strong>&nbsp;Debit<\/li>\n<li>Salary Paid-Expenses-Credit<br><strong>Nature of Account \u2013&nbsp;<\/strong>Expenses<br><strong>Side of the Account \u2013<\/strong>&nbsp;Credit<\/li>\n<li>Salary Outstanding<br><strong>Nature of Account \u2013&nbsp;<\/strong>Liabilities<br><strong>Side of the Account \u2013<\/strong>&nbsp;Debit<\/li>\n<li>Subash<br><strong>Nature of Account \u2013<\/strong>&nbsp;Customer (Assets)<br><strong>Side of the Account \u2013<\/strong>&nbsp;Credit<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"very-short-questions-of-accounting-equations\"><\/span><strong>Very Short Questions of&nbsp;Accounting Equations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Question 1:&nbsp;What is an accounting equation?<\/strong><\/p>\n<p><strong>Solution 1: The accounting<\/strong>&nbsp;equation signifies that the assets of a business are always equal to the total of its liabilities and capital. The equation reads as:-<\/p>\n<p>Assets = Liabilities + Capital<\/p>\n<p><strong>Question 2: Give a fundamental accounting equation.<\/strong><\/p>\n<p><strong>Solution 2:&nbsp;<\/strong>Below is the fundamental accounting equation:-<\/p>\n<p>Assets = Liabilities + Capital<\/p>\n<p><strong>Question 3: If the capital of a firm is Rs. 5,00,000 and outside liabilities are Rs. 2,00,000. Evaluate the total assets of the company.<\/strong><\/p>\n<p><strong>Solution 3:<\/strong><br>It is given that,<br>Capital = Rs. 5,00,000<br>Liabilities = Rs. 2,00,000<\/p>\n<p>Assets = Liabilities + Capital<br>Assets = Rs. 5,00,000 + Rs. 2,00,000<br>Assets = Rs. 7,00,000<br>Therefore, the Total Assets will be Rs. 7,00,000<\/p>\n<p><strong>Question 4:&nbsp;If total assets of a company are Rs. 10,00,000 and capital is Rs. 4,00,000. Calculate creditors.<\/strong><\/p>\n<p><strong>Solution 4:<\/strong><br>Liabilities (Creditors) = Assets \u2013 Capital (Net worth)<br>Creditors = Rs. 10,00,000 \u2013 Rs. 4,00,000<br>Creditors = Rs. 6,00,000<\/p>\n<p><strong>Question 5:&nbsp;<\/strong>\u2018<strong>X\u2019 commenced business on April 1st 2013 with a capital of Rs. 6,00,000. On 31st March 2014, his assets were worth Rs. 8,00,000 and liabilities Rs. 50,000. Find out his closing capital and profits earned during the year.<\/strong><\/p>\n<p><strong>Solution 5:<\/strong><br>Calculation of closing stock:-<br>Closing Capital = Closing Assets \u2013 Closing liabilities<br>Closing Capital = Rs. 8,00,000 \u2013 Rs. 50,000<br>Closing Capital = Rs. 7,50,000<\/p>\n<p><strong>Calculation of Profit:-<\/strong><br>Profit = Closing Capital \u2013 Opening Capital<br>Profit = Rs. 7,50,000 \u2013 Rs. 6,00,000<br>Profit = Rs. 1,50,000<\/p>\n<p><strong>Question 6:&nbsp;What is debit?<\/strong><\/p>\n<p><strong>Solution 6:&nbsp;<\/strong>The output of the growth in assets and the reduction in liabilities is debit. Debits are the equilibrium of credits that counter each other. It is considered a debit if a number is entered on the left-hand side of an account.<\/p>\n<p><strong>Question 7:&nbsp;What is credit?<\/strong><\/p>\n<p><strong>Solution 7:&nbsp;<\/strong>Credit is the result of a fall in savings and growth in liabilities. Credits are the balance of debits, each of which is the reverse. It is considered a credit if a number is entered on the right-hand side of an account.<\/p>\n<p><strong>Question 8: Why are the rules of credit and debit the same for both capital and liabilities?<\/strong><\/p>\n<p><strong>Solution 8:&nbsp;<\/strong>The credit and debit laws are the same on all resources and liabilities since the owner and company are separate entities according to the concept of the business entity. It is believed that the company owner is the borrower of the company and the company is named to compensate its owners.<\/p>\n<p><strong>Question 9: Name the side on which a capital increase is recorded.<\/strong><\/p>\n<p><strong>Solution 9:&nbsp;<\/strong>The capital rise is recorded on the side of credit.<\/p>\n<\/div>\n<p>This is the complete blog on DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations. To know more about the <a href=\"https:\/\/www.cbse.gov.in\/\" target=\"_blank\" rel=\"noopener\">CBSE<\/a> Class 11 Accountancy exam, ask in the comments.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"faqs-on-dk-goel-solutions-class-11-accountancy-chapter-6-accounting-equations\"><\/span>FAQs on DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1635846887243\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"how-many-very-short-questions-are-asked-in-dk-goel-solutions-class-11-accountancy-chapter-6-accounting-equations\"><\/span>How many very-short questions are asked in DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>There are 9 questions in the DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1635846947410\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"from-where-can-i-find-the-download-link-for-the-dk-goel-solutions-class-11-accountancy-chapter-6-accounting-equations-pdf\"><\/span>From where can I find the download link for the DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations PDF?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>You can find the download link of\u00a0DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations\u00a0in the above blog.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1635846960476\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"how-much-does-it-cost-to-download-the-dk-goel-solutions-class-11-accountancy-chapter-6-accounting-equations-pdf\"><\/span>How much does it cost to download the\u00a0DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations PDF?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>You can download DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations for free.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1635846971892\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"can-i-access-the-dk-goel-solutions-class-11-accountancy-chapter-6-accounting-equations-pdf-offline\"><\/span>Can I access the\u00a0DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations PDF Offline?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Once you have downloaded the DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations PDF online, you can access it offline whenever you want.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1635846986604\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"is-the-dk-goel-solutions-class-11-accountancy-chapter-6-accounting-equations-a-credible-source-for-class-11-accountancy-exam-preparation\"><\/span>Is the\u00a0DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations a credible source for Class 11 Accountancy exam preparation?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, the solutions of DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations are prepared by the subject matter experts, hence credible.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations:&nbsp;If you are looking for a good help guide for Class 11 Accountancy, we recommend you DK Goel Solutions Class 11 Accountancy Chapter 6. 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