TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit

Read TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit 2024 2025. Students should study TS Grewal Solutions Class 11 Accountancy available on Studiestoday.com with solved questions and answers. These chapter-wise answers for Class 11 Accountancy have been prepared by expert teachers. These TS Grewal Class 11 Solutions have been designed as per the latest accountancy TS Grewal Book for Class 11 and if practiced thoroughly can help you to score good marks in Accounts class tests and examinations.

Class 11 Accounts Chapter 6 Accounting Procedures Rules of Debit and Credit TS Grewal Solutions

TS Grewal Solutions for Chapter 6 Accounting Procedures Rules of Debit and Credit Class 11 Accounts have been provided below based on the latest TS Grewal Class 11 book. The answers have been prepared based on the latest 2024 2025 book for the current academic year. TS Grewal Solutions Class 11 will help students to improve their concepts and easily solve accountancy questions for Class 11.

Chapter 6 Accounting Procedures Rules of Debit and Credit TS Grewal Class 11 Solutions

About this chapter: Chapter number 6 in the Accountancy book for Class 11 written by Mr TS Grewal explains about Accounting Procedures: Rules of Debit and Credit. In this chapter the basic accounting rules of debit and credit has been explained in great detail. This is one of the most important topic which the students should understand carefully. As every accounting transaction has a debit and credit, it is important to learn what goes to debit and what to credit side based on the type of transaction. There are lot of examples which have been given in this chapter to help you better understand this interesting topic. You will also gain understanding of various accounting rules to be followed, and the final impact of each type of accounting entry. There are lot of practical questions which have been given in this chapter which will help you to strengthen your concepts. We have provided answers to all questions given in this chapter.

Question 1.  What is the objective behind preparing an Account? What is meant by recording on debit and credit sides of any Account? Explain with examples.

Answer  1.    The objective behind preparing an account is to summarise all transactions relating to a particular head in our account. Balance of all the accounts lead to preparation of Trail Balance.

Recording on debit side of any account means an item recorded on the debit side of an account is said to be debited to the account. A debit signifies that the value has flowed to the named account.

For Example, Cash paid into Bank Account debited to cash Account credited that means cash has frowned into Bank Account.

Recording on credit side of any account means an item recorded on the credit side of an account is said to be credited to the account. A credit entry signifies that the value has flowed out of the named account.

For Example, Cash withdrawn from bank is Cash Account debited to Bank Account credited that means cash has drowned out from Bank Account.

Question 2.   Give the rules of debit and credit and explain them with imaginary examples.

Answer  2.    Under double entry system of accounting each transaction has two aspects. One aspect is debit aspect that is receiving or incoming aspect. Another aspect is credit aspect, that is giving or outgoing aspect.

The rules can be summarised as follows:

(a) Increases in assets are debited; decreases are credits.

For Example, Plant purchased is debited and sold is credited.

(b) Increases in liabilities are credits; decreases are debits.

For Example, Bank Loan taken is credited and repaid is debited.

(c) Increases in owner’s capital are credits; decreases are debits.

For Example, further capital introduced is credited and withdrawn is debited.

 

Question 3. Write a short note on ‘Balancing an account’. Explain by balancing a Cash Account.

Answer  3.  At the end of a period say a day, week, month or year, it may be necessary to know the balance in an account. A balance of an account is the difference between the total of its debit and credit sides. If the total of debit side is more than the total of credit side, the account is said to have a debit balance. It has a credit balance when total of credit side is more than the total of debit side.

For Example, we can better understand with the help of a Cash Account:

1. Started Business with cash Rs. 15,000

2. Rent paid Rs. 2,000.

3. Sold goods Rs. 5,000.

4. Purchased goods for cash Rs. 3,200.

5. Salary paid Rs. 3,000.

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)

 

Question 4.  What do you understand by ‘debit’ and ‘credit’? Do you think debit always stands for decrease in amount and credit for increase?

Answer  4.   Debit refers to the left side of an account and credit refers to the right side of an account. An item recorded on the debit side of an account is said to be debited to the account. A debit entry signifies that value has flowed to the named account indicating that increase in the amount.

Credit refers to an item recorded on the credit side of an account is said to be credited to the account. A credit entry signifies that value has flown from the source indicated by the name of the account. Debit and credit are simply additions to or subtraction from an account.

We do not think debit always stands for decrease in amount and credit for increase.

 

Question 5.  When do you credit a Liability Account? What will you do to reduce the balance of any liability Account? Explain with an example.

Answer  5.   Capital introduced is cash account debited to capital account is credited as in this case we credit a liability account. We will debit the liability account to reduce the liability balance as loan is paid. The entry is loan Account debited to cash account will decrease loan account or liability account.

 

Question 6.  Briefly state the rules of debiting and crediting accounts classified on the basis of Accounting Equation.
 
Answer  6.   Debit and credit are simply additions to or subtractions from an account. We have discussed in chapter on Accounting Equation that by deducting the total of liabilities from the total of assets, the capital can be ascertained, as follows:

Assets = Liabilities + Capital

Capital = Assets – Liabilities

If there is any change on one side of the equation, there will be a change of similar amount on the other side of the equation or among the items comprised in the same side of the equation.

When there is an increase in the amount of an asset, its account is debited; the account is credited if there is a reduction in the amount of the asset.

When there is an increase in the amount of liability, the account is credited; the amount is debited if there is a reduction in the amount of liability.

When there is an increase in the proprietor’s capital, the account is credited; the account is debited if the amount is withdrawn by the proprietor.

The rule for debit and credit can be explained as given below:

1.) Increase in assets is debits; decreases are credits.

2.) Increase in liabilities are credits; decreases are debits.

3.) Increase in owner’s capital are credits; decreases are debits.

4.) Increases in expenses are debits; decreases are credits.

5.) Increase in revenues or income are credits; decreases are debits.

 

Practical Problems ::--->

Question 1:  Following accounts are being maintained in the books of Shri Ashok. Classify them into Personal, Real and Nominal Accounts:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-

Answer 1:        

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-1

 

Question 2:  Classify the following into Assets, Liabilities, Capital, Expenses and Revenue:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-2

Answer 2:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-4

 

Question 3:  Classify the following into assets, liabilities, capital, revenue, and expenses:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-5

Answer 3:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-6

 

Question 4:  On which side will the increase in the following accounts be recorded? Also, state the nature of the account:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-7

Answer 4:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-8

 

Question 5:  On which side will the decrease in the following accounts be recorded? Also, state the nature of the account:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-9

Answer 5:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-10

 

Question 6. Whether an account will be debited or credited to record

(i) Increase in revenue.

(ii) Decrease in expense.

(iii) Drawings

(iv) The fresh capital introduced by the owner. 

Answer 6.

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit

 

Question 6:  From the following Transactions, state the nature of account and state which account will be debited and which account credited:(Old Question)

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-11

Answer 6:

 TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-12

 

Question 7:   Open a 'T' shape account for machinery and put the following transactions on the proper side:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-13

Answer 7:                        

  TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-14   

Note: - Machinery Discarded Means – It is sold for cash before it is fully depreciated.
Journal Entry for the Transaction.
Bank A/c Dr.                     14,000
     To Machinery A/c                      14,000
 
 
Question 8:  Open a 'T' shape Cash Account. Put the following transactions on the proper side and balance the account:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-15

Answer 8:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-16

 

Question 9:  Open a 'T' shape account of creditor, 'Rakesh' and write the following transactions on the proper side:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-17

Answer 9:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-18

 

Question 10:  Open a 'T' shape account of debtor 'Brij' and write the following transactions on the proper side:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-20

Answer 10:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-21

 

Question 11: Put the following on the proper side of a Cash Account, a Debtor's Account and a Creditor's Account :

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-22

Answer 11:

 TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-23

 

Question 12:  From the following particulars, prepare the proprietor's Capital Account:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-24

Balance the same and explain what the closing balance indicates. 

Answer 12:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-25

As per the calculation Capital Balance as on 31st March, 2018 should be ₹1,67,000 but the answer given in the text book is ₹ 16,700.

 

Question 13:  From the following particulars, prepare the proprietor's Capital Account:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-26

Answer 13:

TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit (2019-2020)-27

DK Goel Solutions Class 11 Accountancy
DK Goel Solutions Class 11 Accountancy Chapter 1 Meaning and Objective of Accounting
DK Goel Solutions Class 11 Accountancy Chapter 2 Basic Accounting Terms
DK Goel Solutions Class 11 Accountancy Chapter 3 Accounting Principles
DK Goel Solutions Class 11 Accountancy Chapter 4 Process and Bases of Accounting
DK Goel Solutions Class 11 Accountancy Chapter 5 Accounting Standards and International Financial Reporting Standards
DK Goel Solutions Class 11 Accountancy Chapter 6 Accounting Equations
DK Goel Solutions Class 11 Accountancy Chapter 7 Double Entry System
DK Goel Solutions Class 11 Accountancy Chapter 8 Origin of Transactions Source Documents of Accountancy
DK Goel Solutions Class 11 Accountancy Chapter 9 Books of Original Entry Journal
DK Goel Solutions Class 11 Accountancy Chapter 10 Accounting for Goods and Service Tax
DK Goel Solutions Class 11 Accountancy Chapter 11 Books of Original Entry Cash Book
DK Goel Solutions Class 11 Accountancy Chapter 12 Books of Original Entry Special Purpose Subsidiary Books
DK Goel Solutions Class 11 Accountancy Chapter 13 Ledger
DK Goel Solutions Class 11 Accountancy Chapter 14 Trial Balance and Errors
DK Goel Solutions Class 11 Accountancy Chapter 15 Bank Reconciliation Statement
DK Goel Solutions Class 11 Accountancy Chapter 16 Depreciation
DK Goel Solutions Class 11 Accountancy Chapter 17 Provision and Reserves
DK Goel Solutions Class 11 Accountancy Chapter 18 Bills of Exchange
DK Goel Solutions Class 11 Accountancy Chapter 19 Rectification of Errors
DK Goel Solutions Class 11 Accountancy Chapter 20 Capital and Revenue
DK Goel Solutions Class 11 Accountancy Chapter 21 Financial Statement
DK Goel Solutions Class 11 Accountancy Chapter 22 Financial Statements With Adjustments
DK Goel Solutions Class 11 Accountancy Chapter 23 Accounts from Incomplete Records
DK Goel Solutions Class 11 Accountancy Chapter 24 Introduction to Computer
DK Goel Solutions Class 11 Accountancy Chapter 25 Introduction of Accounting Information System
DK Goel Solutions Class 11 Accountancy Chapter 26 Computerised Accounting System
DK Goel Solutions Class 11 Accountancy Chapter 27 Accounting Software Package Tally
TS Grewal Class 11 Solutions: Double Entry Book Keeping Financial Accounting
TS Grewal Accountancy Class 11 Solution Chapter 1 Introduction of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 2 Basic Accounting Terms
TS Grewal Accountancy Class 11 Solution Chapter 3 Accounting Standards and IFRS
TS Grewal Accountancy Class 11 Solution Chapter 4 Bases of Accounting
TS Grewal Accountancy Class 11 Solution Chapter 5 Accounting Equation
TS Grewal Accountancy Class 11 Solution Chapter 6 Accounting Procedures Rules of Debit and Credit
TS Grewal Accountancy Class 11 Solution Chapter 7 Origin of Transactions Source Documents and Preparation of Voucher
TS Grewal Accountancy Class 11 Solution Chapter 8 Journal
TS Grewal Accountancy Class 11 Solution Chapter 9 Ledger
TS Grewal Accountancy Class 11 Solution Chapter 10 Special Purpose Books I Cash Book
TS Grewal Accountancy Class 11 Solution Chapter 11 Special Purpose Books II Other Book
TS Grewal Accountancy Class 11 Solution Chapter 12 Accounting of Goods and Services Tax (GST)
TS Grewal Accountancy Class 11 Solution Chapter 12 Bank Reconciliation Statement
TS Grewal Accountancy Class 11 Solution Chapter 13 Trial Balance
TS Grewal Accountancy Class 11 Solution Chapter 14 Depreciation
TS Grewal Accountancy Class 11 Solution Chapter 15 Provisions and Reserves
TS Grewal Accountancy Class 11 Solution Chapter 16 Accounting for Bills of Exchange
TS Grewal Accountancy Class 11 Solution Chapter 17 Rectification of Errors
TS Grewal Accountancy Class 11 Solution Chapter 18 Financial Statements of Sole Proprietorship
TS Grewal Accountancy Class 11 Solution Chapter 19 Adjustments in Preparation of Financial Statements
TS Grewal Accountancy Class 11 Solution Chapter 20 Accounts from Incomplete Records Single Entry System
TS Grewal Accountancy Class 11 Solution Chapter 21 Computers in Accounting
TS Grewal Accountancy Class 11 Solution Chapter 22 Accounting Software Tally