Class 11 Accountancy TS Grewal Solutions Chapter 3 - Accounting Procedures - Rules of Debit and Credit
FAQs on TS Grewal Class 11 Accountancy Solutions: Chapter 3 Overview
1. What is the correct step-by-step method to solve problems on journalising transactions from TS Grewal Class 11 Chapter 3?
The correct method to solve journalising problems as per TS Grewal solutions involves these key steps:
Step 1: Identify the accounts involved in the transaction.
Step 2: Classify these accounts into Personal, Real, or Nominal (Traditional Approach) or into Assets, Liabilities, Capital, Revenue, or Expenses (Modern Approach).
Step 3: Apply the golden rules of accounting (e.g., Debit the receiver, Credit the giver) or the modern rules (e.g., Increase in Asset is Debit).
Step 4: Record the entry in the correct journal format with the date, particulars, ledger folio (L.F.), debit amount, and credit amount, followed by a clear narration.
2. How do the TS Grewal solutions for Chapter 3 explain the process of ledger posting from a journal entry?
The solutions for Chapter 3, Accounting Procedures, demonstrate ledger posting as a systematic process. For each journal entry, the account that is debited in the journal is also debited in its respective ledger account. The name of the account credited is written in the 'Particulars' column. Similarly, the account that is credited in the journal is credited in its ledger account, with the name of the debited account in the 'Particulars' column. This creates a complete analytical record for every account.
3. What is the correct format for preparing a journal as per the solutions for Chapter 3 of TS Grewal Class 11?
The standard format for a journal, as followed in the solutions and prescribed by the CBSE 2025-26 syllabus, consists of five columns:
Date: Records the date of the transaction.
Particulars: Shows the accounts to be debited and credited, along with a narration.
L.F. (Ledger Folio): The page number of the ledger where the entry is posted.
Debit Amount (₹): The amount to be debited.
Credit Amount (₹): The amount to be credited.
4. How do you solve questions involving a compound journal entry in TS Grewal's Chapter 3?
To solve questions with a compound journal entry (an entry with multiple debits or credits), you must first identify all the accounts affected by the transaction. Then, apply the rules of debit and credit to each account individually. The solution involves writing a single journal entry where all debited accounts are listed first, followed by all credited accounts. The total of the debit amounts must equal the total of the credit amounts to adhere to the dual aspect concept.
5. Why is the modern approach to accounting rules sometimes easier to apply than the traditional approach shown in Chapter 3 solutions?
The modern approach is often considered more straightforward because it directly links debit and credit rules to the accounting equation (Assets = Liabilities + Capital). Instead of categorising accounts into Personal, Real, and Nominal, it simply uses five categories: Assets, Liabilities, Capital, Expenses, and Revenue. The rules are uniform; for example, an increase in any Asset or Expense is always a debit. This can reduce confusion for students learning how to prepare journal entries for the first time.
6. How do the solutions for Chapter 3 help in understanding the fundamental difference between the Journal and the Ledger?
The solutions clarify that the Journal is the 'book of primary entry' where transactions are recorded chronologically as they occur. In contrast, the Ledger is the 'principal book of accounts' where transactions are grouped by account type. By first showing the journal entry and then the ledger posting, the solutions demonstrate how the Ledger provides an analytical, summarised view of the impact of all transactions on a specific account, which is not possible by just looking at the journal.
7. What is a common mistake students make when applying the 'Debit the receiver, Credit the giver' rule, and how do TS Grewal solutions prevent it?
A common mistake is incorrectly identifying the 'receiver' and 'giver' in transactions that are not simple cash or goods transfers, such as those involving outstanding expenses or accrued income. TS Grewal solutions prevent this by providing a wide variety of problem scenarios. They meticulously break down complex transactions to clearly show which entity is receiving a benefit (debit) and which is providing that benefit (credit), reinforcing the core concept behind the personal account rule.
8. Why is writing a 'narration' essential for every journal entry as per the CBSE pattern followed in the solutions?
A narration is essential because it provides a concise explanation of the transaction recorded in the journal entry. As per the CBSE 2025-26 guidelines, it is a mandatory part of the accounting procedure. It serves as a reference for future verification, auditing, and understanding the business context behind the entry. The TS Grewal solutions consistently include clear narrations to train students in this best practice of accounting.
