what are subsidary 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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HEY ,
U R ANSWER.
SUBSIDIARY BOOK IS A SUB DIVISION BOOK OF JOURNAL.
THESE ARE KNOWN AS BOOKS OF PRIMARY ENTRY OR ORIGINAL ENTRY.
AS ALL THE TRANSACTION RECORDED IN THERE ORIGINAL FORM.
IMPORTANT SUBSIDIARY BOOK →
→ CASH BOOK - USED TO RECORD ALL CASH , RECEIPT AND PAYMENT
→ PURCHASE BOOK - USED TO RECORD ALL CREDIT PURCHASES.
→ SALES BOOK - USED TO RECORD ALL CREDIT SALES.
→ PURCHASE RETURN BOOK
→ SALES RETURN BOOK
→ BILLS RECEIVABLE BOOK
→ BILLS PAYBLE BOOK
→ JOURNAL PROPER.
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