Basics 2 min read
Bank Reconciliation
On a particular date, reconciliation of our bank balance with the balance of bank passbook is called bank reconciliation. The…
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Basics 2 min read
Key Features of Subsidiary Books
There is a difference between a purchase book and a purchase ledger. A purchase book records only credit purchases and…
Basics 1 min read
Bills Payable Book
Bills payable issues to the supplier of goods or services for payment, and the record is maintained in this book.…
Basics 1 min read
Bills Receivables Book
Bills are raised by creditors to debtors. The debtors accept them and subsequently return them to the creditors. Bills accepted…
Basics 1 min read
Sale Return Book
The reason of Sale return is same as for purchase return. Sometimes customers return the goods if they don’t meet…
Basics 1 min read
Purchase Return Book
Sometimes goods are to be retuned back to the supplier, for various reasons. The most common reason being defective goods…
Basics 1 min read
Purchase Book
Purchase book is prepared to record all the credit purchases of an organization. Purchase book is not a purchase ledger.…
Basics 1 min read
Petty Cash Book
In any organization, there may be many petty transactions incurring for which payments have to be done. Therefore, cash is…
Basics 1 min read
Triple Column Cash Book
When one more column of Bank is added in both sides of the double column cash book to post all…