Question

what are the objectives of subsidary book ​

Answer 1

Answer:

Subsidiary books are books of original entry. In the normal course of business, a majority of transactions are either relate to sales, purchases or cash. So we record transactions of the same or similar nature in one place, i.e. the subsidiary book. And we record these transactions in chronological order.

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Answer 2

Importance or Objectives or Advantages of Subsidiary Books

• Saving of Time and Labor: If all the transactions of similar nature are recorded together in a separate book, a considerable amount of labor and time can be saved.

• Divisions of Works: Recording of transaction in subsidiary books can be performed by different clerk as per nature of subsidiary books.