Class 11 Accountancy Chapter 3- Accounting  
                         Procedures Rules of Debit and Credit
             TS Grewal Solutions for Class 11 Accountancy Chapter 3- Accounting Procedures 
             Rules of Debit and Credit is a major concept to be considered by the students. Here, we 
             have rendered in a simplistic and a step by step method, which is useful for the 
             students. 
                                    Board                CBSE 
                                    Class               Class 11 
                                   Subject            Accountancy 
                                   Chapter              Chapter 3 
                                Chapter Name   Accounting Procedures 
                                               Rules of Debit and Credit 
                                  Number of                7 
                               questions solved 
                                  Category             TS Grewal 
             Chapter 3- Accounting Procedures Rules of Debit and Credit defines the below-
             mentioned concepts: 
                ● Debit and Credit in Accounting
                ● Creditor’s & Debtor’s Account
                ● Preparing Financial Statements
                ● Asset Account
                ● Personal, Real, Nominal Accounts
             Ts Grewal Solutions for Class 11 Accountancy Chapter 3- Accounting 
             Procedures Rules of Debit and Credit 
             QUESTION 1 
                  
                 Classify the following Assets, Liabilities, Capital, Revenue, and Expenses. 
                 (i) Land 
                 (ii) Investment  
                 (iii) Building 
                 (iv) Interest Received 
                 (v) Salary 
                 (vi)Bank Overdraft 
                 (vii) Debtors 
                 (viii)Creditors 
                 (ix) Bad Debtors 
                 (x) Capital 
                 (xi) Depreciation 
                 (xii) Motor Vehicle 
                 (xiii) Freight 
                 (xiv) Wages 
                 (xv) Goodwill 
                  
                 Solution: 
                  
                        Assets                Liabilities            Capital             Revenue               Expenses 
                  (i) Land               (vi)Bank Overdraft  (x) Capital             (iv) Interest         (v) Salary 
                  (ii) Investment        (ix) Bad Debtors                            Received              (ix) Bad Debtors 
                  (iii) Building                                                                           (xi) Depreciation 
                  (vii) Debtors                                                                            (xiii) Freight 
                  (xii) Motor Vehicle                                                                      (xiv) Wages 
                  (xv) Goodwill                                                                             
                  
                 QUESTION 2 
                  
                 Following accounts are maintained in the books of Mr. Bipin. Classify them into Personal, Real, 
                 and Nominal accounts. 
                 (i) Land and Building 
                 (ii) Excise Duty 
                 (iii) Creditors 
                 (iv) Capital 
                 (v) Motor Vehicles 
                 (vi) Goodwill 
                 (vii) Investments 
                 (viii) Salary 
                 (ix)Debtors 
                  (x) Bad Debts 
                  (xi) Depreciation 
                  (xii) Wages 
                  (xiii) Repairs 
                  (xiv) Ramesh, a debtor 
                  (xv) Interest Received 
                  (xvi) Bank Overdraft 
                  (xvii) Purchase Return 
                  (xviii) Drawings 
                  (xix)Freight 
                  (xx) Return Inwards 
                   
                  Solution. 
                   
                                Personal                                 Real                                Nominal 
                    (iii) Creditors                       (i) Land and Building                 (ii) Excise Duty 
                    (iv) Capital                          (v) Motor Vehicles                    (viii) Salary 
                    (ix)Debtors                           (vi) Goodwill                         (x) Bad Debts 
                    (ix)Debtors                           (vii) Investments                     (xi) Depreciation 
                    (xiv) Ramesh, a debtor                                                      (xii) Wages 
                    (xvi) Bank Overdraft                                                        (xiii) Repairs 
                    (xviii) Drawings                                                            (xv) Interest Received 
                                                                                                (xvii) Purchase Return 
                                                                                                (xix)Freight 
                                                                                                (xx) Return Inwards 
                   
                   
                  QUESTION 3 
                   
                  In which account will the increase of the following be recorded? State the kind of the account. 
                  (i) Furniture A/C 
                  (ii) Bipin (Owner) 
                  (iii) Salary Account 
                  (iv) Purchase A/C 
                  (v) Sales Account 
                  (vi) Interest Paid Account 
                  (vii) Bigyan (Creditor) 
                  (viii) Madan (Debtor) 
                   
                  Solution. 
                   
                          Name of Account                 Consequences od Increase                    Modern Approach 
                  Furniture                                       Debit                             Assets 
                  Bipin (proprietor)                              Credit                            Capital 
                  Salary                                          Debit                            Expense  
                  Purchase                                        Debit                            Expense 
                  Sales                                           Credit                           Revenue 
                   Interest Paid                                  Debit                            Expense 
                   Bigyan (Creditor)                              Credit                           Liabilities 
                  Madan (Debtor)                                  Debit                             Assets 
                  
                        Name of Account               Consequences of Increase              Traditional Approach 
                  Furniture                                       Debit                          Real Account 
                  Bipin (proprietor)                              Credit                      Personal Account 
                  Salary                                          Debit                        Nominal Account 
                  Purchase                                        Debit                        Nominal Account 
                  Sales                                           Credit                       Nominal Account 
                   Interest Paid                                  Debit                        Nominal Account 
                   Bigyan (Creditor)                              Credit                      Personal Account 
                  Madan (Debtor)                                  Debit                       Personal Account 
                  
                  
                 QUESTION 4 
                  
                 Prepare a ‘T’ shape account for electrical goods and insert the below-mentioned transaction on 
                 the correct side.