Commerce Exam > Commerce Videos > Introduction to Subsidiary Books
Introduction to Subsidiary Books Video Lecture - Commerce
FAQs on Introduction to Subsidiary Books Video Lecture - Commerce
| 1. What are subsidiary books in accounting? |  |
Ans. Subsidiary books are specialized books of accounts that are used to record specific types of transactions in a systematic and organized manner. These books help in summarizing and classifying similar transactions, making it easier for accountants to maintain accurate records.
| 2. What are the different types of subsidiary books? | |
Ans. There are several types of subsidiary books, including cash book, purchases book, sales book, journal proper, bills receivable book, bills payable book, and ledger. Each book is designed to record specific types of transactions, such as cash transactions, purchases, sales, and so on.
| 3. How does a cash book function as a subsidiary book? | |
Ans. A cash book is a type of subsidiary book that records all cash transactions made by a business. It serves as a primary book of entry for cash-related transactions, such as cash receipts and cash payments. The cash book helps in maintaining an accurate record of cash inflows and outflows, enabling businesses to reconcile their cash balances easily.
| 4. Why are subsidiary books necessary in accounting? | |
Ans. Subsidiary books are necessary in accounting because they help in maintaining accurate and systematic records of transactions. By classifying and summarizing similar transactions, these books provide a clear overview of the financial activities of a business. They also simplify the process of preparing financial statements and enable efficient analysis of financial data.
| 5. How are subsidiary books different from the general ledger? | |
Ans. Subsidiary books and the general ledger serve different purposes in accounting. Subsidiary books are used to record specific types of transactions in a detailed manner, while the general ledger serves as a central repository of all accounts and their balances. Subsidiary books provide a more granular view of transactions, while the general ledger provides a summarized view by consolidating all accounts.
Related Exams
About this Video
|
4.61/5 Rating |
|
Dec 24, 2024 Last updated |
Introduction to Subsidiary Books for Commerce2024 is part of Commerce preparation. The notes and questions for Introduction to Subsidiary Books
have been prepared according to the Commerce exam syllabus. Information about Introduction to Subsidiary Books covers all important topics
for Commerce2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises
and tests below for Introduction to Subsidiary Books.
Description
Video Lecture & Questions for Introduction to Subsidiary Books Video Lecture - Commerce - Commerce full syllabus preparation | Free video for Commerce exam.
Information about Introduction to Subsidiary Books
Here you can find the Introduction to Subsidiary Books defined & explained in the simplest way possible. Besides explaining types of Introduction to Subsidiary Books
theory, EduRev gives you an ample number of questions to practice Introduction to Subsidiary Books tests, examples and also practice Commerce tests.
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Viva Questions
,Sample Paper
,Introduction to Subsidiary Books Video Lecture - Commerce
,ppt
,Previous Year Questions with Solutions
,study material
,Introduction to Subsidiary Books Video Lecture - Commerce
,Extra Questions
,video lectures
,past year papers
,MCQs
,Introduction to Subsidiary Books Video Lecture - Commerce
,Objective type Questions
,Important questions
,practice quizzes
,Summary
,Semester Notes
,shortcuts and tricks
,Exam
,mock tests for examination
,Free
,
Study Introduction to Subsidiary Books on the App
Students of Commerce can study Introduction to Subsidiary Books alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Introduction to Subsidiary Books,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Introduction to Subsidiary Books is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup