What are special purpose subsidiary books?
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Subsidiary Books are those books of original entry in which transactions of similar nature are recorded at one place and in chronological order. In a big concern, recording of all transactions in one Journal and posting them into various ledger accounts will be very difficult and involve a lot of clerical work.
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Special purpose subsidiary books are those books in which the transactions of similar nature are recorded.For a large business organization it is not possible to journalize each transaction,thus,journal is sub divided into subsidiary books in which transactions of similar nature are recorded.
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