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Answer Posted / y.poonam
The Books of Accounts maintained by an organisation other
than the cashbook may be classified into Journals and Ledgers.
The Journal is used as the book of first entry for all transactions, which cannot be recorded in the Cash Book. In other words all non-cash transactions should be recorded in the journal. For practical convenience the journal is maintained by using a number of books called the subsidiary books. For example the following subsidiary books may constitute the journal for an enterprise.
1. Purchase Book
2. Purchase Return Book
3. Sales Book
4. Sales Return Book
5. Bills Receivable Book
6. Bills Payable Book
7. Journal Proper
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