Question

July 7
Goods sold by Umesh to Ramesh of Gujarat for * 1,20,000.
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Answer 1

Answer:

Your Question Is Not Clear ..!!

Answer 2

Goods sold by the Umesh to Ramesh are written in the subsidiary book as it is the credit transaction.

Explanation:

1. Entry in the book of Umesh.

Ramesh A/C debited by INR 120,000

To Umesh A/C INR 120,000

2. Entry in the book of Ramesh

Umesh A/C debited by INR 120,000

To Ramesh A/C INR 120,000

• Subsidiary book is the book of account in which all the credit transactions are recorded.
• It has similar entries are recorded in the same book.

• It is easy to record the transaction in the subsidiary books of accounts.
• The journal is subdivided into the many subsidiary books.
• It has more accounts than ledger