Accountancy, asked by rs1502248, 4 months ago

What Are Subsidiary Books?

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Answered by Anonymous

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Subsidiary Books of Account

Subsidiary Books of AccountAlso known as special purpose books, special purpose subsidiary books, and subsidiary books of accounts are various books recording financial transactions of a similar nature. They are sub-division of the journal.

Subsidiary Books of AccountAlso known as special purpose books, special purpose subsidiary books, and subsidiary books of accounts are various books recording financial transactions of a similar nature. They are sub-division of the journal.During the lifecycle of a business, the volume of transactions in a business may rise to an extent that a single journal may no longer be adequate to keep the books. This is when special purpose books or subsidiary books may be required for more efficient bookkeeping.

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