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what is subsidiary book?
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Answer / ashish
subsidiary books are those books which uses for daily
purpuse.
daily transaction record in this book and after that ledger
make on the basis of that book.
| Is This Answer Correct ? | 14 Yes | 10 No |
Answer / shiv kumar tiwari
WHERE THERE ARE MANY TRANSACTION; THE JOURNAL IS NOT
ADEQUATE AS THE ONLY BOOK OF ORIGINAL ENTRY. THE VARIOUS
BOOKS THAT THE JOURNAL IS SUBDIVISES INTO ARE CALLED
SUBSIDIARY BOOK.
| Is This Answer Correct ? | 12 Yes | 8 No |
Answer / revathy
subsidary books are those which are maintained by the bigger
concerns to keep the general ledger free from the
unnecessary details.sperate books are kept for
sales,purchases,sales return, purchase return,bills
receivable,bills payable.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / trilochan mohapatra
when a transaction is made.that should be first recorded in
journal....in earlier days all the transaction are recorded
in one book,but now separate books are maintained to record
a particular kind of trasaction...for example:all saless
transaction(cr. sales ) are to be recorded in
salesbook..similarly all cash received and paid, are to be
recorded in cashbook....these special books are nothing,are
called subsidiary books
there are mainly 8 subsidiary books
1)purchase book(only credit purchases are to be recorded)
2)sales book (only credit sales are recorded)
{cash puchases and cash sales are to be recorded in
cashbook ..not in purchasebook and salesbook
respectively)
3)purchase return book
4)sales return book
5)bills receivable book
6)bills payable book
7)cashbook
8)journal proper
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / sneha shakya
Subdivision of journal.When journal is divided into many
parts, each parts is called subsidiary book
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / y.poonam
The Books of Accounts maintained by an organisation other
than the cashbook may be classified into Journals and Ledgers.
The Journal is used as the book of first entry for all transactions, which cannot be recorded in the Cash Book. In other words all non-cash transactions should be recorded in the journal. For practical convenience the journal is maintained by using a number of books called the subsidiary books. For example the following subsidiary books may constitute the journal for an enterprise.
1. Purchase Book
2. Purchase Return Book
3. Sales Book
4. Sales Return Book
5. Bills Receivable Book
6. Bills Payable Book
7. Journal Proper
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / akshay
When journal is
subdividional into
many subparts
each of those sub
parts is called
subsidiary books.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / manpreet kaur
when large number of transactions are to recorded,it is
practically impossible through one journal therefore to
divide the work subsidiary book is needed.It refer to the
journal meant for specific transactions of similar nature.
| Is This Answer Correct ? | 1 Yes | 0 No |
Subsidary book is a preliminary book which is kept in the business to record all the business transactions in chronological order.
Subsidiary books are derived from journal.....
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shashidhara reddy dinni
subsidiary book is that book where only credit and business
related transactions were posted
| Is This Answer Correct ? | 0 Yes | 1 No |
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Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
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