Bills payable Book

Bills payable book is used to record bill accepted by us. When a bill drawn by our creditor is accepted particulars of the same are recorded in this book.
Bill payable book is made for giving the receipt to creditors that we will pay the amount of bill at the time of its maturity. In this book, we write date when bill is given, to whom is given, where is it payable, due date, amount and remarks

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