What is Subsidiary Books?
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- 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. .
- The following are the subsidiary books a company will generally maintain while writing their accounts, Cash Book- It is a book which records the receipts and payment of cash transaction. Purchase Book- It is a book which records all the credit purchases of goods of the company......
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Subsidiary Books are books of Original Entry. They are also known as Day Book or Special Journals.
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