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Page 1
UNIT -4
SUBSIDIARY BOOKS
Page 2
UNIT -4
SUBSIDIARY BOOKS
ü Understanding the technique of recording
transaction in subsidiary books
ü Posting from subsidiary books to ledger
ü Maintaining of subsidiary books doesn’t take
away the importance of Journal
ü Difference between Subsidiary book and
principle books
Page 3
UNIT -4
SUBSIDIARY BOOKS
ü Understanding the technique of recording
transaction in subsidiary books
ü Posting from subsidiary books to ledger
ü Maintaining of subsidiary books doesn’t take
away the importance of Journal
ü Difference between Subsidiary book and
principle books
(1)
• There are numerous transactions which occur so
many times in a day.
(2)
• It is inadequate and inconvenient to record the
transaction in the book of original entry i.e. journal.
(3)
• Every Transaction recorded makes journal bulky,
tedious and consumes more time, labour and money.
Page 4
UNIT -4
SUBSIDIARY BOOKS
ü Understanding the technique of recording
transaction in subsidiary books
ü Posting from subsidiary books to ledger
ü Maintaining of subsidiary books doesn’t take
away the importance of Journal
ü Difference between Subsidiary book and
principle books
(1)
• There are numerous transactions which occur so
many times in a day.
(2)
• It is inadequate and inconvenient to record the
transaction in the book of original entry i.e. journal.
(3)
• Every Transaction recorded makes journal bulky,
tedious and consumes more time, labour and money.
(4)
• So the transactions which are of repetitive nature are
recorded in a separate book through special journal.
(5)
• Such separate book of original entry, maintained for
recording the similar and repetitive types of
transactions is known as subsidiary books.
(6)
• Also known as sub-journal or sub- division of journal,
this book includes purchase book, sales book,
purchase return book, sales return book and cash book.
Page 5
UNIT -4
SUBSIDIARY BOOKS
ü Understanding the technique of recording
transaction in subsidiary books
ü Posting from subsidiary books to ledger
ü Maintaining of subsidiary books doesn’t take
away the importance of Journal
ü Difference between Subsidiary book and
principle books
(1)
• There are numerous transactions which occur so
many times in a day.
(2)
• It is inadequate and inconvenient to record the
transaction in the book of original entry i.e. journal.
(3)
• Every Transaction recorded makes journal bulky,
tedious and consumes more time, labour and money.
(4)
• So the transactions which are of repetitive nature are
recorded in a separate book through special journal.
(5)
• Such separate book of original entry, maintained for
recording the similar and repetitive types of
transactions is known as subsidiary books.
(6)
• Also known as sub-journal or sub- division of journal,
this book includes purchase book, sales book,
purchase return book, sales return book and cash book.
¨ Generally a business transaction consists of
Purchase of goods
sale of goods
Receipt of cash
payment of cash
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FAQs on PPT - Subsidiary books - Principles and Practice of Accounting - CA Foundation
| 1. What are subsidiary books in accounting? |  |
Ans. Subsidiary books are specialized books of accounts used to record transactions of similar nature in a systematic and organized manner. Examples of subsidiary books include the cash book, purchase book, sales book, and journal.
| 2. Why are subsidiary books important in accounting? | |
Ans. Subsidiary books are important in accounting as they help in maintaining a detailed record of transactions, making it easier to identify and analyze financial information. They also provide a systematic approach to recordkeeping and ensure accuracy in financial reporting.
| 3. How is the cash book different from other subsidiary books? | |
Ans. The cash book is a unique subsidiary book as it records all cash and bank transactions. Unlike other subsidiary books that record transactions related to specific activities, the cash book covers all types of cash receipts and payments, including those related to purchases, sales, expenses, and income.
| 4. What is the purpose of the purchase book? | |
Ans. The purchase book is used to record all credit purchases of goods. It helps in maintaining a reliable record of all purchases made on credit, including details such as the name of the supplier, invoice number, quantity, rate, and amount. This information is then used for various purposes like inventory management, expense tracking, and supplier payment.
| 5. How can subsidiary books help in preparing financial statements? | |
Ans. Subsidiary books provide a detailed record of transactions, making it easier to prepare financial statements like the income statement and balance sheet. The information recorded in subsidiary books is summarized and then transferred to the general ledger, which forms the basis for preparing financial statements. This ensures accurate and reliable financial reporting.
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