Subsidiary books 🖕 These are book of original entry were transaction are first recorded before they are posted or transfer to Leger. Types of subsidiary books.🖕 Sales day book/ sales journal. Purchase day book/ purchase journal Returned inward day / sales returns. Returned outward /purchase returns. Cash book. Petty cash book General journal. 🖕🖕🖕 Sales day book/ sales journal: Is a book of original entry that record credit sales only. Purchase day book/ purchase journal : Is a book of original entry that record only credit purchase. Returned inward day book/ sales returns: Is a book of original entry that record goods returns by customers to the business. Returned outward/ purchase returns: Is a book of original entry that record goods returns by the business to their supplier. Cash book: Is a subsidiary that records transaction that are made by either cash or bank only. Petty cash book: Is a book of original entry that record small small expenses of the business. e.g rent and so on . General journal: Is a book of original entry that record transaction that cannot be recorded in others subsidiary books.🖕🖕🖕🖕 Subsidiary books can sometimes be called special day book, book of prime entry, books of original entry etc.
Accounting
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You've provided a clear and accurate summary of subsidiary books (also known as books of original entry or special day books).
Here's a quick recap of the key points you've outlined:
- Subsidiary books are where transactions are first recorded before being posted to the ledger.
- The main types include the Sales Day Book (for credit sales), Purchase Day Book (for credit purchases), Returns Inwards Day Book (for sales returns), Returns Outwards Day Book (for purchase returns), Cash Book (for cash and bank transactions), Petty Cash Book (for small expenses), and the General Journal (for transactions not fitting elsewhere).
This is a solid understanding of the topic. Do you have a specific question about subsidiary books or want to explore an example? Send me the next one 📸
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