subsidiarybookS PPT
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Transcript of subsidiarybookS PPT
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MEANING OF SUBSIDIARY BOOKS
Subsidiary Books refers to books meant for specific transactions of similar nature. Subsidiary Books are also known as Special journals or day books. To overcome shortcoming of the use of the journal only as a book of original entry, the journal is subdivided into specific journals or subsidiary books.
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NEED OF SUBSIDIARY BOOKS1) To avoid repetition.2) To provide information on a prompt basis.3) To facilitate internal check system.4) To classify transactions.5) To avoid bulky & voluminous records.
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TYPES OF SUBSIDIARY BOOKS
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CASH BOOKS A cash book is a special journal which
is used for recording all cash receipts & cash payments .
TYPES OF CASH BOOKS 1) Single- column cash books .2) Double-column cash books.3) Triple-column cash books.4) Petty cash books.
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DATE RECEIPT RECEIPT No.
L.F AMOUNT
DATE PAYMENT VOUCHER No.
L.F
AMOUNT
DATE RECEIPT CASH BANK DATE PAYMENTS
CASH BANK
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DATE RECEIPT
DISCOUNT
CASH BANK DATE PAYMENT
DISCOUNT
CASH BANK
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PURCHASE BOOKSThese are the books used for recording purchases
on credit.Things purchased on credit for personal use are not recorded in this
book. It also does not record the fixed assets purchased.
DATE PARTICULAR INVOICE NO.
L.F AMOUNT
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SALES BOOKSBooks used for recording goods sold on credit.
DATE
PARTICULAR OUTWARD INVOICE NO.
L.F AMOUNT
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PURCHASE RETURN BOOKSBooks used for recording goods returned to the seller.
DATE
PARTICULARS
L.F
DEBITNOTES
AMOUNT
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SALES RETURN BOOKSBooks used for recording the goods returned by the buyer.
DATE PARTICULARS L.F CREDIT NOTE
AMOUNT
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BILLS RECEIVABLE BOOKS(B/R) This is used for the purpose of recording the details of bills
receivable. The individual accounts of parties from whom bills are received will be credited with the amount in the bills receivable book.
DATE FROM WHOM READ
ACCEPTOR
DATE OF BILLS
TERM DATE OF MATURITY
WHERE PAYABLE
AMOUNT
HOW DEPOSED
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BILLS PAYABLE BOOK (B/P)This is used for the purpose of recording the details of bills
payable. The individual accounts of the parties to whom the bills are issued will be debited with the corresponding amount in the bills payable book. The periodic total is posted to the credit of bills payable account in the ledger by writing “By Sundries as per Bills Payable Book”.
Example:
S.NO.
DATE NAME OF DRAWER
PAYEE
DATE OF BILL
TERM DATE OF MATURITY
WHERE PAYABLE
AMOUNT
REMARK
16 May
S&Co.
Arya mills
16 may2006
30days
16June2006
Central bank
5000
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PETTY CASH BOOKThis book keeps account of all the miscellaneous
spending. This might include: child fees, window-cleaning bills, stationery, postage, cleaning supplies and any other sundry item.
AMT. RECEIVED
DATE PARTICULAR
AMOUNT
POSTAGE
CARRIAGE
TRAVELLING
SUNDRY EXP.
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PRESENTED TO - DR. PRIYA SAPRA
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