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Accounting Equation — Syllabus

NIOS · Class 10 · Accountancy

What Accounting Equation covers in NIOS Class 10 Accountancy: 4 topics, for the 2026-27 session. Part of the NIOS Class 10 Accountancy syllabus.

44 questions40 flashcards14 formulas & key relations5 concepts

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4 Topics · NIOS Class 10 Accountancy · 2026-27

Topics in Accounting Equation

1

1. Core Idea of Accounting Equation

  • Assets = Liabilities + Capital is the fundamental accounting equation.
  • The equation shows equality between assets on one side and claims of outsiders and owners on the other side.
  • Whatever business possesses in the form of assets is financed by proprietor or by outsiders.
2

2. Forms of the Accounting Equation

  • The basic accounting equation is Assets = Liabilities.
  • The standard accounting equation is Assets = Liabilities + Capital.
  • The equation can also be written as Assets = Capital + Liabilities.
3

3. Effect of Transactions on the Equation

  • Every transaction changes the accounting equation but never breaks the equality.
  • Increase in Assets is debited and decrease in Assets is credited in the Asset Account.
  • When capital is increased it is credited, and when drawings are made it is debited.
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4. Key Transaction Examples

  • Sunita started business with ₹2,00,000 capital, creating cash as an asset.
  • Sunita later purchased furniture and machinery, showing how assets can change while capital stays the same.
  • Sunita introduced ₹50,000 additional capital, which increased both cash and capital.

Key Concepts

Central concept: Accounting Equation

Dual Aspect ConceptFundamental EquationBalance Sheet EquationAssetsLiabilitiesCapitalRevenueExpenses

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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 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.

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