What are Subsidiary Books?

Answer Posted / suhas argade

1) Cash Book : To record all transactions in cash or by
cheques. Cash Book may be also of two columns.
2) Petty Cash Book: To record all cash transactions of
peety expenses.
3) Purchase Day Book: To record all transactions of goods
purchased on credit.
4) Sales Day Book : To record all transactions of credit
sales of goods.
5) Purchase Return Book: To record all transactions
relating to return of goods to suppliers.
6) Sales return Book: To record all transactions relating
to return of goods by the customers.
7) Bill Receivable Book: To record all transactions
relating to Bill Receivables.
8)Bill Payable Book: All transactions relaating to
acceptande of bills are recorded in this book.
9) Journal Proper: In Journal proper are recorded all
transactions other than those recorded above. In regard to
entering the transation in thge above books. it necessary
to note the following

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Where were Olympics held in 2016 and now when will they take place and where?

601


Say you knew a company's net income. How would you figure out its "free cash flow"?

778


What is Tax evasion? How can it be curbed?

645


Define Naked Debentures?

768


How many type of deposits does indian banking deal with?

611






How Much Does It Cost To File Bankruptcy?

681


differentiate between GNP and GDP?

673


How can i start buying a share. How can i find dealers. Can any one give me just an idea about this. When to buy ? How to buy? where to Buy ? How can i sell it ? How i came to know it is right time to sell . so that i can gain money ? Advance thanks

1618


Can you name some online retailers?

667


How to prepare a function requirement document?

626


What is the Banking Ombudsman Scheme?

639


what is the Casualty Actuarial Society?

654


What is overdraft?

648


How will you define the role of SEBI?

635


What do you mean by return on assets? What does it indicate?

609