UNIT 4 OTHER SUBSIDIARY BOOKS
Structure
After studying this unit you should be able to:
prepare purchases and purchases returns journals and post them into ledger prepare sales and sales returns journals and post them into ledger identify transactions to be recorded in journal proper and explain the journal entries to be passed.
In Unit 3 you learnt why journal is sub-divided and which subsidiary books are generally
used in business. You also learnt about the preparation of different types of cash books and
their posting into ledger. In this unit we intend to discuss most of the remaining subsidiary
books including Journal Proper. The Bills Receivable Book and Bills Payable Book will be
taken up in Unit 5 where bills of exchange transactions have been discussed in detail.
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