{"id":82920,"date":"2021-10-05T19:07:00","date_gmt":"2021-10-05T13:37:00","guid":{"rendered":"https:\/\/www.kopykitab.com\/blog\/?p=82920"},"modified":"2023-05-22T17:12:15","modified_gmt":"2023-05-22T11:42:15","slug":"ts-grewal-class-11-accountancy-solutions-chapter-3-accounting-procedures","status":"publish","type":"post","link":"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-3-accounting-procedures\/","title":{"rendered":"TS Grewal Class 11 Accountancy Solutions Chapter 3 &#8211; Accounting Procedures &#8211; Rules of Debit and Credit 2023-24"},"content":{"rendered":"\n<p><img class=\"alignnone wp-image-135440 size-full\" src=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/10\/Chapter-3-Accounting-Procedures-Rules-of-Debit-and-Credit.jpg\" alt=\"TS Grewal Class 11 Accountancy Solutions Chapter 3 - Accounting Procedures - Rules of Debit and Credit\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/10\/Chapter-3-Accounting-Procedures-Rules-of-Debit-and-Credit.jpg 1200w, https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/10\/Chapter-3-Accounting-Procedures-Rules-of-Debit-and-Credit-768x432.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><strong>TS Grewal Class 11 Accountancy Solutions Chapter 3 \u2013 Accounting Procedures:<\/strong>\u00a0Rules of Debit and Credit, is a useful guide in the field of Accountancy and will enhance its knowledge too.<\/p>\n<p>All the important points are mentioned in the TS Grewal Class 11 Accountancy Solution, so it will be beneficial from an exam point of view. This article covers the topics from Chapter 3.<\/p>\n<ul>\n<li><strong>Read More: <a href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-solutions\/\" target=\"_blank\" rel=\"noopener\"><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;TS Grewal Class 11 Solutions&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:5053,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;10&quot;:2,&quot;11&quot;:0,&quot;12&quot;:0,&quot;15&quot;:&quot;Arial&quot;}\" data-sheets-note=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-10-maths-rs-aggarwal-solutions\/\nhttps:\/\/www.kopykitab.com\/blog\/cbse-class-11-maths-rs-aggarwal-solutions\/\">TS Grewal Class 11 Solutions<\/span><\/a><\/strong><\/li>\n<\/ul>\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-69d10e322986b\" 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\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d10e322986b\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-visibility-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-3-accounting-procedures\/#download-ts-grewal-class-11-accountancy-solutions-chapter-3-%e2%80%93-accounting-procedures-pdf\" title=\"Download TS Grewal Class 11 Accountancy Solutions Chapter 3 &#8211; Accounting Procedures PDF\">Download TS Grewal Class 11 Accountancy Solutions Chapter 3 &#8211; Accounting Procedures PDF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-3-accounting-procedures\/#detailed-ts-grewal-class-11-accountancy-solutions-chapter-3-%e2%80%93-accounting-procedures\" title=\"Detailed TS Grewal Class 11 Accountancy Solutions Chapter 3 \u00a0&#8211; Accounting Procedures\">Detailed TS Grewal Class 11 Accountancy Solutions Chapter 3 \u00a0&#8211; Accounting Procedures<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-3-accounting-procedures\/#class-11-accountancy-ts-grewal-sample-questions\" title=\"Class 11 Accountancy TS Grewal Sample Questions\">Class 11 Accountancy TS Grewal Sample Questions<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-3-accounting-procedures\/#sample-question-2\" title=\"Sample question 2:\">Sample question 2:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-3-accounting-procedures\/#faqs-%e2%80%93-ts-grewal-class-11-accountancy-solutions-chapter-3-%e2%80%93-accounting-procedures-%e2%80%93-rules-of-debit-and-credit\" title=\"FAQs &#8211; TS Grewal Class 11 Accountancy Solutions Chapter 3 &#8211; Accounting Procedures &#8211; Rules of Debit and Credit\">FAQs &#8211; TS Grewal Class 11 Accountancy Solutions Chapter 3 &#8211; Accounting Procedures &#8211; Rules of Debit and Credit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-3-accounting-procedures\/#how-do-you-define-debit\" title=\"How do you define debit?\">How do you define debit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-3-accounting-procedures\/#how-do-you-define-credit\" title=\"How do you define credit?\">How do you define credit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-3-accounting-procedures\/#define-a-voucher\" title=\"Define a voucher.\">Define a voucher.<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"download-ts-grewal-class-11-accountancy-solutions-chapter-3-%e2%80%93-accounting-procedures-pdf\"><\/span>Download TS Grewal Class 11 Accountancy Solutions Chapter 3 &#8211; Accounting Procedures PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2021\/04\/TS-Grewal-Class-11-Accountancy-Solutions-Chapter-3-Accounting-Procedures.pdf\">TS Grewal Class 11 Accountancy Solutions Chapter 3 &#8211; Accounting Procedures<\/a><\/p>\n<div id=\"example1\" style=\"text-align: justify;\">\u00a0<\/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\/04\/TS-Grewal-Class-11-Accountancy-Solutions-Chapter-3-Accounting-Procedures.pdf\", \"#example1\");<\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"detailed-ts-grewal-class-11-accountancy-solutions-chapter-3-%e2%80%93-accounting-procedures\"><\/span>Detailed TS Grewal Class 11 Accountancy Solutions Chapter 3 \u00a0&#8211; Accounting Procedures<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At the beginning of Chapter 3, TS Grewal Class 11 Accountancy Solutions is teaching the students about the fundamental steps in the accounting process. The topic, \u201cRecording the transactions \u2013 Journal and Ledger\u201d is important from an exam point of view. Journal and Ledger keep the track of all the debits and credits in a transaction.\u00a0<\/p>\n<p>The concept of a Double Accounting System is explained in the TS Grewal Class 11 Accountancy Solutions. It explained the Double Accounting System is explained as a track of two aspects of each transaction, which is explained with details and precision, thanks to TS Grewal. All the rules of credit and debt and how are they applied for both capital and liability is also explained.<\/p>\n<p>Students will find a detailed explanation of entries of credit and debit for decreasing expenses, increasing revenue, recording all the drawings, as well as the fresh capital introduced by the owner.<\/p>\n<p>The concept of Analysis using the entries of debit and credit might be a little tricky for some students to comprehend, but TS Grewal Class 11 Accountancy Solutions has framed the concept in such a way that is easy for them to understand. Apart from that, TS Grewal has made sure to explain to the students about Journal and Ledger by using different examples of customers.\u00a0<\/p>\n<p>Students will also find a detailed explanation of the concept, sources, and vouchers, in the TS Grewal Class 11 Accountancy Solutions.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"class-11-accountancy-ts-grewal-sample-questions\"><\/span>Class 11 Accountancy TS Grewal Sample Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Sample question 1:<\/strong><\/p>\n<p>Classify the following terms, mentioned below, into liabilities, revenues, assets, capital, and expenses:<\/p>\n<ul>\n<li>Outstanding expenses<\/li>\n<li>Capital<\/li>\n<li>Goodwill<\/li>\n<li>Accrued income<\/li>\n<li>Advanced income<\/li>\n<li>Furniture and fixtures<\/li>\n<li>Carriage outwards<\/li>\n<li>Carriage inwards<\/li>\n<li>Discount received<\/li>\n<li>Bills payable<\/li>\n<li>Wages<\/li>\n<li>Purchases<\/li>\n<li>Plant and machinery<\/li>\n<li>Sales<\/li>\n<li>Bank loan<\/li>\n<li>Rent<\/li>\n<\/ul>\n<p>Answer:<\/p>\n<table style=\"width: 100%; height: 612px;\">\n<tbody>\n<tr style=\"height: 70px;\">\n<td style=\"height: 70px;\" width=\"128\">\n<p><strong>Liabilities<\/strong><\/p>\n<\/td>\n<td style=\"height: 70px;\" width=\"128\">\n<p><strong>Revenues<\/strong><\/p>\n<\/td>\n<td style=\"height: 70px;\" width=\"128\">\n<p><strong>Assets<\/strong><\/p>\n<\/td>\n<td style=\"height: 70px;\" width=\"128\">\n<p><strong>Capital<\/strong><\/p>\n<\/td>\n<td style=\"height: 70px;\" width=\"128\">\n<p><strong>Expenses<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 120px;\">\n<td style=\"height: 120px;\" width=\"128\">\n<p>Bank loan<\/p>\n<\/td>\n<td style=\"height: 120px;\" width=\"128\">\n<p>Discount received<\/p>\n<\/td>\n<td style=\"height: 120px;\" width=\"128\">\n<p>Plant and machinery<\/p>\n<\/td>\n<td style=\"height: 120px;\" width=\"128\">\n<p>Capital<\/p>\n<\/td>\n<td style=\"height: 120px;\" width=\"128\">\n<p>Carriage outwards<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 127px;\">\n<td style=\"height: 127px;\" width=\"128\">\n<p>Bills payable<\/p>\n<\/td>\n<td style=\"height: 127px;\" width=\"128\">\n<p>Bank loan<\/p>\n<\/td>\n<td style=\"height: 127px;\" width=\"128\">\n<p>Goodwill<\/p>\n<\/td>\n<td style=\"height: 127px;\" width=\"128\">\n<p>\u00a0<\/p>\n<\/td>\n<td style=\"height: 127px;\" width=\"128\">\n<p>Carriage inwards<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 116px;\">\n<td style=\"height: 116px;\" width=\"128\">\n<p>Outstanding expenses<\/p>\n<\/td>\n<td style=\"height: 116px;\" width=\"128\">\n<p>\u00a0<\/p>\n<\/td>\n<td style=\"height: 116px;\" width=\"128\">\n<p>Accrued income<\/p>\n<\/td>\n<td style=\"height: 116px;\" width=\"128\">\u00a0<\/td>\n<td style=\"height: 116px;\" width=\"128\">\n<p>Wages<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 109px;\">\n<td style=\"height: 109px;\" width=\"128\">\n<p>Advanced income<\/p>\n<\/td>\n<td style=\"height: 109px;\" width=\"128\">\n<p>\u00a0<\/p>\n<\/td>\n<td style=\"height: 109px;\" width=\"128\">\n<p>Furniture and fixtures<\/p>\n<\/td>\n<td style=\"height: 109px;\" width=\"128\">\u00a0<\/td>\n<td style=\"height: 109px;\" width=\"128\">\n<p>Purchases<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 70px;\">\n<td style=\"height: 70px;\" width=\"128\">\n<p>\u00a0<\/p>\n<\/td>\n<td style=\"height: 70px;\" width=\"128\">\n<p>\u00a0<\/p>\n<\/td>\n<td style=\"height: 70px;\" width=\"128\">\n<p>\u00a0<\/p>\n<\/td>\n<td style=\"height: 70px;\" width=\"128\">\n<p>\u00a0<\/p>\n<\/td>\n<td style=\"height: 70px;\" width=\"128\">\n<p>Rent<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4><span class=\"ez-toc-section\" id=\"sample-question-2\"><\/span><strong>Sample question 2:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Classify the following terms, mentioned below, into nominal, personal, and real accounts:<\/p>\n<ol>\n<li>Bad debts<\/li>\n<li>Freight<\/li>\n<li>Drawings<\/li>\n<li>Goodwill<\/li>\n<li>Land<\/li>\n<li>Building<\/li>\n<li>Creditors<\/li>\n<\/ol>\n<p>Answer:<\/p>\n<table style=\"width: 100%; height: 284px;\">\n<tbody>\n<tr style=\"height: 71px;\">\n<td style=\"height: 71px;\" width=\"213\">\n<p>Nominal<\/p>\n<\/td>\n<td style=\"height: 71px;\" width=\"213\">\n<p>Personal<\/p>\n<\/td>\n<td style=\"height: 71px;\" width=\"213\">\n<p>Real<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 71px;\">\n<td style=\"height: 71px;\" width=\"213\">\n<p>Freight<\/p>\n<\/td>\n<td style=\"height: 71px;\" width=\"213\">\n<p>Drawings<\/p>\n<\/td>\n<td style=\"height: 71px;\" width=\"213\">\n<p>Goodwill<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 71px;\">\n<td style=\"height: 71px;\" width=\"213\">\n<p>Bad debts<\/p>\n<\/td>\n<td style=\"height: 71px;\" width=\"213\">\n<p>Creditors<\/p>\n<\/td>\n<td style=\"height: 71px;\" width=\"213\">\n<p>Land<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 71px;\">\n<td style=\"height: 71px;\" width=\"213\">\n<p>\u00a0<\/p>\n<\/td>\n<td style=\"height: 71px;\" width=\"213\">\n<p>\u00a0<\/p>\n<\/td>\n<td style=\"height: 71px;\" width=\"213\">\n<p>Building<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Determine the side where an increase in the following accounts will be recorded, as well as mention the nature of the account.<\/p>\n<ul>\n<li>Furniture A\/C<\/li>\n<li>Mohan (Proprietor)<\/li>\n<li>Salary A\/C<\/li>\n<li>Purchases A\/C<\/li>\n<li>Sales A\/C<\/li>\n<li>Interest paid A\/C<\/li>\n<li>Sohan (Creditor)<\/li>\n<li>Ram (Debtor)<\/li>\n<\/ul>\n<p>Answer:<\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 24.9689%;\" width=\"160\">\n<p>Name of the Accounts<\/p>\n<\/td>\n<td style=\"width: 27.7019%;\" width=\"178\">\n<p>Consequence of increase<\/p>\n<\/td>\n<td style=\"width: 22.1118%;\" width=\"142\">\n<p>Modern approach<\/p>\n<\/td>\n<td style=\"width: 25.0932%;\" width=\"160\">\n<p>Traditional approach<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 24.9689%;\" width=\"160\">\n<p>Furniture A\/C<\/p>\n<\/td>\n<td style=\"width: 27.7019%;\" width=\"178\">\n<p>Debit<\/p>\n<\/td>\n<td style=\"width: 22.1118%;\" width=\"142\">\n<p>Assets<\/p>\n<\/td>\n<td style=\"width: 25.0932%;\" width=\"160\">\n<p>Real Account<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 24.9689%;\" width=\"160\">\n<p>Mohan (Proprietor)<\/p>\n<\/td>\n<td style=\"width: 27.7019%;\" width=\"178\">\n<p>Credit<\/p>\n<\/td>\n<td style=\"width: 22.1118%;\" width=\"142\">\n<p>Capital<\/p>\n<\/td>\n<td style=\"width: 25.0932%;\" width=\"160\">\n<p>Personal Account<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 24.9689%;\" width=\"160\">\n<p>Expense<\/p>\n<\/td>\n<td style=\"width: 27.7019%;\" width=\"178\">\n<p>Debit<\/p>\n<\/td>\n<td style=\"width: 22.1118%;\" width=\"142\">\n<p>Expense<\/p>\n<\/td>\n<td style=\"width: 25.0932%;\" width=\"160\">\n<p>Nominal Account<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 24.9689%;\" width=\"160\">\n<p>Purchases A\/C<\/p>\n<\/td>\n<td style=\"width: 27.7019%;\" width=\"178\">\n<p>Debit<\/p>\n<\/td>\n<td style=\"width: 22.1118%;\" width=\"142\">\n<p>Expense<\/p>\n<\/td>\n<td style=\"width: 25.0932%;\" width=\"160\">\n<p>Nominal Account<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 24.9689%;\" width=\"160\">\n<p>Sales A\/C<\/p>\n<\/td>\n<td style=\"width: 27.7019%;\" width=\"178\">\n<p>Credit<\/p>\n<\/td>\n<td style=\"width: 22.1118%;\" width=\"142\">\n<p>Revenue<\/p>\n<\/td>\n<td style=\"width: 25.0932%;\" width=\"160\">\n<p>Nominal Account<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 24.9689%;\" width=\"160\">\n<p>Interest paid A\/C<\/p>\n<\/td>\n<td style=\"width: 27.7019%;\" width=\"178\">\n<p>Debit<\/p>\n<\/td>\n<td style=\"width: 22.1118%;\" width=\"142\">\n<p>Expense<\/p>\n<\/td>\n<td style=\"width: 25.0932%;\" width=\"160\">\n<p>Nominal Account<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 24.9689%;\" width=\"160\">\n<p>Sohan (Creditor)<\/p>\n<\/td>\n<td style=\"width: 27.7019%;\" width=\"178\">\n<p>Credit<\/p>\n<\/td>\n<td style=\"width: 22.1118%;\" width=\"142\">\n<p>Liabilities<\/p>\n<\/td>\n<td style=\"width: 25.0932%;\" width=\"160\">\n<p>Personal Account<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 24.9689%;\" width=\"160\">\n<p>Ram (Debtor)<\/p>\n<\/td>\n<td style=\"width: 27.7019%;\" width=\"178\">\n<p>Debit<\/p>\n<\/td>\n<td style=\"width: 22.1118%;\" width=\"142\">\n<p>Assets<\/p>\n<\/td>\n<td style=\"width: 25.0932%;\" width=\"160\">\n<p>Personal Account<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>For further queries regarding the <a href=\"https:\/\/www.cbse.gov.in\/\" target=\"_blank\" rel=\"noopener\">CBSE<\/a> TS Grewal Class 11 Accountancy Solutions Chapter 3 &#8211; Accounting Procedures &#8211; Rules of Debit and Credit, you can ask in the comment section.\u00a0<\/p>\n<h3><span class=\"ez-toc-section\" id=\"faqs-%e2%80%93-ts-grewal-class-11-accountancy-solutions-chapter-3-%e2%80%93-accounting-procedures-%e2%80%93-rules-of-debit-and-credit\"><\/span>FAQs &#8211; TS Grewal Class 11 Accountancy Solutions Chapter 3 &#8211; Accounting Procedures &#8211; Rules of Debit and Credit<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1618225328176\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"how-do-you-define-debit\"><\/span>How do you define debit?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>A debit (DR) is defined as an accounting entry, resulting in either an increase in assets or a decrease in liabilities.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1618225343631\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"how-do-you-define-credit\"><\/span>How do you define credit?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Credit (CR) is defined as an accounting entry, resulting in either an increase in the liabilities and equity or a decrease in the assets, on a company\u2019s balance sheet.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1618225364565\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"define-a-voucher\"><\/span>Define a voucher.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>A voucher is defined as a written document providing proof of a business transaction. It is a source document used as proof for recording transactions in the primary books of business, i.e., a Journal or any other Subsidiary book. It is of 2 types: Accounting voucher and Source voucher.\u00a0<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>TS Grewal Class 11 Accountancy Solutions Chapter 3 \u2013 Accounting Procedures:\u00a0Rules of Debit and Credit, is a useful guide in the field of Accountancy and will enhance its knowledge too. All the important points are mentioned in the TS Grewal Class 11 Accountancy Solution, so it will be beneficial from an exam point of view. &#8230; <a title=\"TS Grewal Class 11 Accountancy Solutions Chapter 3 &#8211; Accounting Procedures &#8211; Rules of Debit and Credit 2023-24\" class=\"read-more\" href=\"https:\/\/www.kopykitab.com\/blog\/ts-grewal-class-11-accountancy-solutions-chapter-3-accounting-procedures\/\" aria-label=\"More on TS Grewal Class 11 Accountancy Solutions Chapter 3 &#8211; Accounting Procedures &#8211; Rules of Debit and Credit 2023-24\">Read more<\/a><\/p>\n","protected":false},"author":244,"featured_media":135440,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":""},"categories":[73694,2917,73410],"tags":[75036,62123,3570],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/82920"}],"collection":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/users\/244"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/comments?post=82920"}],"version-history":[{"count":4,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/82920\/revisions"}],"predecessor-version":[{"id":376905,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/82920\/revisions\/376905"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/media\/135440"}],"wp:attachment":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/media?parent=82920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/categories?post=82920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/tags?post=82920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}