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    subhash dalvi
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    Subsidiary books are subdivisions of the journal that record transactions first before posting them to the ledger. They include cash books for recording receipts and payments, purchase and sales books for credit transactions, returns books, and a journal proper for other transactions. Common types of cash books are simple, double, and triple cash books, while a petty cash book records small transactions. The journal proper functions the same as a general journal.

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    FYBMS - Introduction to Financial Accounts - 2

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    Subsidiary books are subdivisions of the journal that record transactions first before posting them to the ledger. They include cash books for recording receipts and payments, purchase and sales books for credit transactions, returns books, and a journal proper for other transactions. Common types of cash books are simple, double, and triple cash books, while a petty cash book records small transactions. The journal proper functions the same as a general journal.

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    17 views15 pages

    FYBMS - Introduction To Financial Accounts - 2

    Uploaded by

    subhash dalvi
    Subsidiary books are subdivisions of the journal that record transactions first before posting them to the ledger. They include cash books for recording receipts and payments, purchase and sales books for credit transactions, returns books, and a journal proper for other transactions. Common types of cash books are simple, double, and triple cash books, while a petty cash book records small transactions. The journal proper functions the same as a general journal.

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    © All Rights Reserved
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    of 15

    SUBSIDIARY BOOKS

    Subsidiary Books are nothing but the


    sub-divisions of the Journal.

    Transactions are recorded first in the


    concerned subsidiary book and then
    posted in the ledger.
    TRANSACTIONS & SUBSIDIARY BOOKS

    1. CASH BOOK - Receipts & Payments of Cash


    2. PURCHASE BOOK – Credit Purchases
    3. SALES BOOK – Credit Sales
    4. SALES RETURNS BOOK – Sales Return
    5. PURCHASE RETURNS BOOK – Purchase Return
    6. JOURNAL PROPER – Other Transactions
    TYPES OF CASH BOOKS
    1. SIMPLE CASH BOOK – Recording only cash
    transactions

    2. DOUBLE CASH BOOK – Recording both cash and


    discount transactions

    3. TRIPLE CASH BOOK – Recording cash, discount and


    bank transactions

    4. PETTY CASH BOOK – Recording petty cash


    transactions
    JOURNAL PROPER
    • Same as Journal
    • Transactions are recorded in the books of
    Journal.

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