This document discusses subsidiary books, which are specialized journals used to record specific transaction types. It provides examples of common subsidiary books like cash books, purchase books, sales books, bills receivable books, bills payable books, and petty cash books. Subsidiary books are needed to avoid repetition, provide prompt information, facilitate internal checks, and classify transactions.

2. 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 .

3. NEED OF SUBSIDIARY BOOKS To avoid repetition. To provide information on a prompt basis. To facilitate internal check system. To classify transactions. To avoid bulky & voluminous records.

4. TYPES OF SUBSIDIARY BOOKS

5. 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.

6. DATE RECEIPT RECEIPT No. L.F AMOUNT DATE PAYMENT VOUCHER No. L.F AMOUNT DATE RECEIPT CASH BANK DATE PAYMENTS CASH BANK

7. DATE RECEIPT DISCOUNT CASH BANK DATE PAYMENT DISCOUNT CASH BANK

8. PURCHASE BOOKS These are the b ooks 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

9. SALES BOOKS Books used for recording goods sold on credit. DATE PARTICULAR OUTWARD INVOICE NO. L.F AMOUNT

10. PURCHASE RETURN BOOKS Books used for recording goods returned to the seller. DATE PARTICULARS L.F DEBIT NOTES AMOUNT

11. SALES RETURN BOOKS Books used for recording the goods returned by the buyer. DATE PARTICULARS L.F CREDIT NOTE AMOUNT

12. 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

13. 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 may 2006 30 days 16 June 2006 Central bank 5000

14. PETTY CASH BOOK This 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.