SimerpreetHelpful In: 1. Financial Accounting > Accounting Terms & Basics What is debit balance class 11? What is debit balance class 11? Share Facebook You must login to add an answer. Username or email* Password* Captcha* Remember Me! Forgot Password? Need An Account, Sign Up Here 1 Answer Voted Recent Ishika Pandey Curious ca aspirant 2023-02-14T02:55:13+00:00Added an answer on February 14, 2023 at 2:55 am This answer was edited. Definition Debit balance may arise due to timing differences in which case income will be accrued at the year’s end to offset the debit. The amount is shown in the record of a company s finances, by which its total debits are greater than its total credits. The account which has debit balances are as follows: • Assets accounts Land, furniture, building machinery, etc • Expenses accounts Salary, rent, insurance, etc • Losses Bad debts, loss by fire, etc • Drawings Personal drawings of cash or assets • Cash and bank balances Balances of these accounts In class 11th, we learned about all these accounts that have debit balances. Where the total of the debit side is more than the credit side therefore the difference is the debit balance and is placed credit side as “ by balance c/d “ Here are some examples showing the debit balances of the accounts : 6 Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Related Questions What are some examples of deferred revenue expenses? Are brands intangible assets? What comes in debit side of Realisation account? What is recorded in the Realisation account? What is not included in Realisation account? What is recorded on the credit side of a Realisation account? Can accounts payable have a debit balance?