Answer / syed iran

In the past, traders use to keep record of the transaction in the journal But it was Later found not convenient. If all the transaction are recorded in the journal then the journal book becomes more thick and difficult to handle it. In big business houses, it becomes impossible to carry on the work of recording business transaction. therefore now a days large scale business firms like to keep record of transaction in subsidiary books instead of journal. Subsidiary books are the book of original entry and it is also called primary records because the first entry of transaction is made in subsidiary books. On the basis of subsidiary books postings are made into concerned account afterwards
Following types of books are used under subsidiary books.
1. Purchase book
2. Sales book
3. Cash book
4. Purchase return book
5. Sales return book
6. Bills received book

Answer / asdf

kinds of subsidiary are day book,cash book,journal

Answer / k. sunita rani

instead of journal entry's, subsidary book is very useful
in the daily routine.

WHAT IS ACOUNT PAYABLES AND ACCOUNT RECIEVABLES?

5 Answers   Mellon,

---

How is the Cost of Goods Calculated????

13 Answers   ICAI,

---

Expand ________DMHO

1 Answers  

---

What is MIS report and which accounting heads to be coverd for manufacturing & Trading company

2 Answers  

---

what is Accrual ?

6 Answers  

---

How is the expenditure of developing a modified product treated?

0 Answers  

---

information that goes into-------------can be used to help prepare

1 Answers   FactSet Systems,

---

housing loan taken from tata capital housing finance ltd.,how can entry make with interest with sanction amount and documentation charges

1 Answers   KMS,

---

what is format of Trial balance

18 Answers  

---

How do you value freehold property investment assets?

1 Answers  

---

What can the maxium amount transfer to the Suspense a/c?

1 Answers   BPO, Outsource Partners International,

---

Expand CTD

1 Answers  

---