Question

subsidairy books solutions

Answer 1

Purchase book is a book of original entry in which only credit purchases of goods are recorded. Cash purchases of goods are recorded in the cash book. Credit purchases of other assets are also not recorded in the purchase book; they are recorded in the journal proper.

Answer 2

Recording of Transactions – II – Other Subsidiary Books Solutions

Sales Returns BookDateName of the Customer (Account to be credited)Amount ₹Nov. 18M/s Rahul Traders1,200Nov. 28Sushil Traders1,000Sales Return Account4,500