Question

What are Subsidiary Books ? What is their place in modern Book-keeping ?
Describe those subsidiary books which are mostly used in business

Answer 1

Answer:

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.

It is a part of the ledger accounts: It controls the ...

Subsidiary Books: Ledger

Explanation:

Answer 2

Answer:

Subsidiary books are usually the sub division of a Journal. Subsidiary books are meant for recording the translaè, the Journal is future divided into Subsidiary Books to collect such immense translations and events in a  single seprate book.

In morden book keeping subsidiary books are used for various reasons :

1. Saving of Clerical Labour.

2. Division of Clerical Work.

3. Minimize Fraud.

4. Facilities further References.

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