Why is journal sub-divided? Name the special journals generally maintained by the business and state the type of transactions entered in each of them.
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when the transition in a business are very large it is difficult to record all transition in journal, so the journal is sub divided.
1. cash book - all bank and cash transition are recorded.
2.purchase book: all credit purchase of goods are 'recorded.
3 . sales book - all credit sales are recorded
1. cash book - all bank and cash transition are recorded.
2.purchase book: all credit purchase of goods are 'recorded.
3 . sales book - all credit sales are recorded
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Explanation:
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