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Answer Posted / trilochan mohapatra
when a transaction is made.that should be first recorded in
journal....in earlier days all the transaction are recorded
in one book,but now separate books are maintained to record
a particular kind of trasaction...for example:all saless
transaction(cr. sales ) are to be recorded in
salesbook..similarly all cash received and paid, are to be
recorded in cashbook....these special books are nothing,are
called subsidiary books
there are mainly 8 subsidiary books
1)purchase book(only credit purchases are to be recorded)
2)sales book (only credit sales are recorded)
{cash puchases and cash sales are to be recorded in
cashbook ..not in purchasebook and salesbook
respectively)
3)purchase return book
4)sales return book
5)bills receivable book
6)bills payable book
7)cashbook
8)journal proper
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