TYPES OF SUBSIDIARY BOOKS –

1.  Cash Book - It is used to record all cash or bank transactions. In other words, in cash book only receipts and payments of cash and receipts and payments out of bank are recorded.

2. Purchase Book - It is used to record all credit purchase of goods of the company.

3. Sales Book - It is used to record all credit sales of goods of the company.   

4. Purchase Return Book - It is used to record all return of goods previously purchased on credit.

5. Sales Return Book - It is used to record all return of goods previously sold on credit.

6. Journal Proper - It is used to record the transactions which cannot be recorded in any of the mentioned above.

7. Bills Receivable Book - It is a book which records all bills receivables of a company.

8. Bills Payable Book - It is a book which records all bills payables of a company.

ADVANTAGES OF SUBSIDIARY BOOKS –

1. It makes easy to track transactions.
2. It leads to savings of time.
3. It helps to improve efficiency.
4. It helps to provide information at one place.
5. It helps in division of work.

CASH BOOK

• It is used to record all cash or bank transactions. In other words, in cash book only receipts and payments of cash and receipts and payments out of bank are recorded.
• Cash transactions in a company are generally large in number, therefore, It is maintain separate cash book to record only cash or bank transactions.

FEATURES OF CASH BOOK –

• Only cash and bank transactions are recorded in cash book.It
• records only one aspect of transaction, i.e. cash.
• Transactions are recorded in cash book in chronological order.
• It performs functions of journal and ledger at same time.

KINDS OF CASH BOOK –

1.  Simple or Single Column Cash Book.

2.  Two Column or Double Column cash book.

PURCHASE BOOK –

• It is used to record all credit purchase of goods of the company.         
• Cash purchases of goods and non goods items like, fixed assets are not recorded in cash book.

FEATURES OF PURCHASE BOOK –

• Cash purchases of goods are not recorded in purchase book.
• Entries in purchase book are made on the basis of invoices.
• Transactions are recorded in purchase book in chronological order.
• Only credit purchases of goods are recorded in purchase book.

UTILITIES OF PURCHASE BOOK –

• It makes easy to check price charged and other information.
• It provide periodical total of credit purchases of goods.
• Ledger posting becomes easier.
• It helps to reduce volume of work.

DIFFERENCE BETWEEN PURCHASE BOOK AND PURCHASE ACCOUNT –

SALES BOOK –

• It is used to record all credit sales of goods of the company.         
• Cash sales of goods and non goods items like, fixed assets are not recorded in sales book.

FEATURES OF SALES BOOK –

• Cash sales of goods are not recorded in sales book.
• Entries in sales book are made on the basis of invoices.
• Transactions are recorded in sales book in chronological order.
• Only credit sales of goods are recorded in sales book.

UTILITIES OF SALES BOOK –

• It makes easy to check price charged and other information.
• It provide periodical total of credit sales of goods.
• Ledger posting becomes easier.
• It helps to reduce volume of work.

DIFFERENCE BETWEEN PURCHASE BOOK AND PURCHASE ACCOUNT –

The page is under construction. 

The page is under construction. 

The page is under construction.