What are subsidiary books?what is thier place in book keeping ?describe thise subsidiary books which are mostly used in business
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Subsidiary Books are the books that record the transactions which are similar in nature in an orderly manner. They are also known as special journals or Daybooks. In big organizations, it is not easy to record all the transactions in one journal and post them into various accounts.
It is a part of the ledger accounts: It controls the Subsidiary books
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