Subdivision of Journal

Subdivisions of journal are the division of journal in parts. Subdivisions of Journal are beneficial because it reduces the pressure on other journals. Subdivisions of Journal are Special Journal and General Journal.

Purchases Day Book

Purchase Day Book: Learning Objectives: Define and explain purchases day book. What are the ruling and posting of the purchases book? Prepare a purchases day book or Sales day book. Definition and Explanation: Purchases book or purchases day book is a book of original

Purchases Returns Book

Purchases Returns Book: Definition and Explanation: Purchases returns book is a book in which the goods returned to suppliers are recorded. It is also called returns outward book or purchases returns day book. Goods may be returned because they are of the wrong kind

Subdivision of Journal

Subdivision of Journal: Learning Objectives: What is subdivision of journal? Define and explain cash book and bank reconciliation statement What are the different types of cash book? Write single, double, and three column cash book. Prepare a bank reconciliation statement. Though the principle of

Journal Proper

Journal Proper: Learning Objectives: Define and explain journal proper. When a journal proper is used? Definition and Explanation: Journal proper is book of original entry (simple journal) in which miscellaneous credit transactions which do not fit in any other books are recorded. It is

Bills Payable Book

Bills Payable Book: Learning Objectives: Define and explain bills payable book. Prepare a bills payable book and post into ledger. Definition and Explanation: Bills payable book is used to record bill accepted by us. When a bill drawn by our creditor is accepted particulars