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