Accountancy, asked by Juhishrita457, 10 months ago

Importance of subsidiary book

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Answered by SainaPaswan
7

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IMPORTANCE OF SUBSIDIARY BOOK:

  • Saves Time and labor.
  • Different subsidiary books may be maintained by different clerks and the balance of a subsidiary book determined by a clerk also may be recorded by another clerks while posting into ledgers and preparing trial balance.
  • Quick Access to Information: Since the transactions relating to one particular head are recorded in a separate book, it is easy to get any type of information in detail.
  • Recording of transaction in subsidiary books can be performed by different clerk as per nature of subsidiary books.

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