mention the main books for recording materials
Answers
Answer:
After reading this article you will learn about the records to be maintained in the stores.
1. Bin Card:
This is a card which is attached to each bin, rack, shelf or other container for stores. A record of all materials entering or leaving the bin and balance of material in hand is kept in this card. These cards are entered by the store-keeper and only the quantities are recorded.
These should tally with the quantities of material as shown in the relevant account in the stores ledger. This will enable the store-keeper to ascertain the quantity of any material in stock and remind him to requisition of fresh stock, when the minimum stock has been reached.
Answer:
The four main books are-
1). journal
2) Subsidiary
3) Ledger
4) Cash book
Explanation:
1) Journal - in this all transactions is recorded . Cash and credit both transactions are recorded in this . It records all the financial transactions of the business. this is the main account by after which all are transferred to other account. It also mentioned the date which is very in that .
2) Subsidiary-
1) this is the book of original entry .
2) It also named as day book or special book .
3) It helps in overcoming the limitations of journal book.
3) Ledger-
1) Account transactions are recorded in this book .
2) Each account has opening and closing balance.
3) There are seperate columns of credit and debit transactions.
4) Cash book-
1) Only cash transactions are recorded no credit transaction will be recorded.
2) A cash book can act as both journal and ledger .
3) Cash account is structured like ledger.
FINAL ANSWER - The four main books are-
1). journal
2) Subsidiary
3) Ledger
4) Cash book
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