Mention the subsidiary books in which the following transactions are recorded along with reason thereof: (i) Purchase of furniture on credit for use in shop. (ii) Sale of goods on credit. (ui) Goods returned by Debtors. (iv) Puchase of stock on credit. (v) Providing for interest on capital to proprietor. (vi) Goods returned to creditors.
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recorded in Journal Proper. <br> (ii) Sales Book : Because sales book records only the sale of goods on credit. <br> (iii) Sales Return Book : Because goods returned by customers is recorded in Sales Return Book. <br> (iv) Purchase Book : Because purchase book records only the purchase of goods on credit. <br> (v) Journal Proper : Because Journal Proper records all those transactions which could not be recorded in any of other subsidiary books. Interest on capital is also one of those items which cannot be recorded in any other subsidiary books. <br> (vi) Purchase Return Book : Because Purchase Return Book records only goods returned by the firm to its suppliers. <br> (vii) Journal Proper : Because bill accepted by the proprietor on behalf of the firm is called Bill Payable and it is recorded in this book. <br> (viii) Cash Book : Because Cash Book records all cash receipts and cash payments.