Question

© Briefly explain various subsidiary books of
accounting​

Answer 1

Answer:

*Types of Subsidiary Books*

The following are the subsidiary books a company will generally maintain while writing their accounts,

•Cash Book- It is a book which records the receipts and payment of cash transaction.

•Purchase Book- It is a book which records all the credit purchases of goods of the company.

•Purchase Return Book- It is a book which records all the return of credit purchases of goods of the company.

•Sales Book- It is a book which records all the credit sales of goods of the company.

•Sales Return Book- It is a book which records all the return of credit sales of goods of the company.

•Bills Receivable Book- It is a book which records all the bills receivable.

•Bills Payable Book- It is a book which records all the bills payable.

•Journal Proper- All the transactions which are not recorded in the above books are recorded here.