Revision Notes for CPT Unit: Subsidary Books Chapter: Accounting Proccess Subject: Fundamentals of Accounting

1. CPTSuccessRevision Notes – Fundamentals of AccountingChapter 2. Accounting ProcessUnit 4: Subsidiary books

2. Chapter 2. Accounting ProcessUnit 4: Subsidiary booksTypes of subsidiary books are:

3. Purchase book – to record credit purchases of goods dealt in i.e. materials and stores used in the factory. However, Cash purchases and Credit purchases of things other than goods or materials are not recorded in the Purchase book.

4. Purchase return book – to record goods returned to suppliers

5. Sales book – Credit sales of goods dealt in by the firm

6. Sales return book – to record the goods returned by customers

7. Bills receivable book, Bills payable book

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