Question

what is a subsidiary book and a principle book?

Answer 1

In subsidiary book we record thing which are purchase on credit other than asset. Assets are not recorded in subsidiary book. Purchase,Sales,Pur.return,Sales return,Bill receivable,Bill payable are subsidiary book. These books are called original or prime book of entry. Principal book is ledger where we post after recording in journal

Answer 2

In subsidiary book we record thing which are purchase on credit other than asset. Assets are not recorded in subsidiary book. Purchase,Sales,Pur.return,Sales return,Bill receivable,Bill payable are subsidiary book. These books are called original or prime book of entry. Principal book is ledger where we post after recording in journal