Question

what is subsidiary book ?​

Answer 1

Answer:

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.

Answer 2

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Question

What is subsidiary book?

Answer

➡️ Subsidiary Books are the sub divisions of a Journal. These books are meant for recording the transactions of a similar nature in a separate book.

➡️ Types of subsidiary books.

1. Sales Day Book – for recording credit sales of goods only. Assets sold or cash sales are not recorded in this book.
2. Purchases Day Book – for recording credit purchase of goods only. Cash purchase or assets purchased on credit are not entered in this book.
3. Purchases Returns Book – for recording the goods returned to the suppliers when purchased on credit.
4. Sales Return book -
5. Sales return book is a book of original entry in which transactions related to the return of sales of goods are recorded.

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