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Answer Posted / tshering lhamo
In the past, traders use to keep record of the transaction
in the journal. But it was Later found not convenient. If
all the transaction are recorded in the journal then the
journal book becomes more thick and difficult to handle it.
In big business houses, it becomes impossible to carry on
the work of recording business transaction. therefore now a
days large scale business firms like to keep record of
transaction in subsidiary books instead of journal.
Subsidiary books are the book of original entry and it is
also called primary records because the first entry of
transaction is made in subsidiary books. On the basis of
subsidiary books postings are made into concerned account
afterwards.
Following types of books are used under subsidiary books.
1. Purchase book
2. Sales book
3. Cash book
4. Purchase return book
5. Sales return book
6. Bills received book
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