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Formula Sheet

Accounting Equation — Formula Sheet

NIOS · Class 10 · Accountancy

14 formulas from Accounting Equation (NIOS Class 10 Accountancy) on one page, grouped by topic. Part of the NIOS Class 10 Accountancy syllabus.

44 questions40 flashcards14 formulas & key relations5 concepts

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14 Entries · 3 Sections

Formulas and Key Relations

Core Concept

Assets = Liabilities + Capital

Liabilities = Assets - Capital

Capital = Assets - Liabilities

Assets = Capital + Liabilities

Rules and Effects

Increase in Assets = Debit (+)

Decrease in Assets = Credit (-)

Capital increased = Credit (+)

Drawings = Debit (-)

Goods purchased for cash

Important Examples

Sunita: 2,00,000 + 50,000 = 2,50,000

Sunil: 5,00,000 + 1,00,000 = 6,00,000

Rahul: 3,00,000 + 2,00,000 = 5,00,000

Rajni: 5,00,000 + 0 = 5,00,000

Shashi total after Illustration 1 = ₹3,43,000 capital

Full sheet with units and worked examples

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Frequently Asked Questions

What are the important topics in Accounting Equation for NIOS Class 10 Accountancy?
Key topics in Accounting Equation include Core Idea of Accounting Equation, Forms of the Accounting Equation, Effect of Transactions on the Equation, Key Transaction Examples. Study these first, then practise questions on each for the NIOS Class 10 board exam.
How many formulas are in Accounting Equation?
This sheet lists 14 formulas from Accounting Equation, grouped by topic. Learn what each symbol stands for so you can apply the formula, not just recall it.
How should I revise Accounting Equation for the NIOS Class 10 board exam?
Learn the core ideas first, then work through the 44 practice questions on Accounting Equation. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Accounting Equation

All NIOS Class 10 Accountancy Formula Sheet

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