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Types of Subsidiary Books Explained

This document describes the different types of subsidiary books used in accounting. It outlines purchase books, purchase return books, sales books, sales return books, cash books, bills receivable books, bills payable books, and journal proper. Each book is used to record specific types of financial transactions such as credit purchases, returns, credit sales, cash transactions, bills receivable, bills payable, and other miscellaneous entries.

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505 views10 pages

Types of Subsidiary Books Explained

This document describes the different types of subsidiary books used in accounting. It outlines purchase books, purchase return books, sales books, sales return books, cash books, bills receivable books, bills payable books, and journal proper. Each book is used to record specific types of financial transactions such as credit purchases, returns, credit sales, cash transactions, bills receivable, bills payable, and other miscellaneous entries.

Uploaded by

Yeshaswi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Types of Subsidiary

books
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Types of Subsidiary books-

Purchase return
Purchase book Sales book Sales Return book
book

Journal proper
Bills receivable
Bills payable book
book
Purchase book

 In this book, all transactions pertaining to credit purchases of goods are recorded.
 Eg:- Purchased goods worth Rs.10000 from Shankar and co.
Purchase Return book

 While credit purchase of goods are recorded in the purchase book, any return of
goods to the creditors are recorded in purchase return book.
 Eg. Returned goods to Ramesh,Mysore 22,000.
Sales book

 In this book, transactions pertaining to credit sale of goods are recorded.


 Eg:- Sold to David,Goa 50 footballs at Rs.500 per football.
Sales return book

 While credit sale of goods is recorded in the sales book, any return of goods by
customers is recorded in sales return book.
 Eg:-Ajay returned goods to us Rs.1000.
Cash book

 Cash book is one of the subsidiary books in which all cash transactions of the
business enterprise are recorded.
 To record all the receipts and payments
 Eg:- Cash sales Rs.17,000.

Types of cash book


Single column cash book

Cash purchases Rs.12,000


Double column cash
book(with cash and
discount columns)

Triple column cash


book(with cash,bank, and
discount column)

Double column cash


book(with cash and bank
column)
Bills receivable book

 Is a book in which all transactions in relation to bills of exchange drawn by the


business enterprise are recorded.
 Eg:- Acceptance of bill given to Kumari Rs.2550
Bills payable book

 Is a book in which all transactions in relation to bills of exchange accepted by the


business enterprise are recorded.
 Eg:- Bills acceptance received from Smitha Rs.3750.
Journal proper

 Is a book in which entries are made for all those transactions which cannot be
recorded in other subsidiary books.
 Eg:-Depreciation entries, Rectifying errors entries, Purchase of fixed assets on
credit, Month end closing entries, Drawing Entries.

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