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.
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: 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: 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
Two Column Cash Book / Double Column Cash Book : Learning Objectives: Define and explain a two/double column cash book. Prepare a two column cash book. What is the difference between a single column cash book and a double column cash book? Definition and
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 Receivable Book: Learning Objectives: Define and explain bills receivable book. Prepare a bills receivable book and post into ledger. Definition and Explanation: Bills receivable book is used to record the bills received from debtors. When a bill is received, details of it are
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
Bank Reconciliation Statement: Learning Objectives: Define and explain bank reconciliation statement. What are the reasons of disagreement of the balances of cash book and bank statement. Prepare the format of the statement. Prepare bank reconciliation statement. Definition and explanation Causes of disagreement between cash
