What Are Subsidiary Books?

1.	What Are Subsidiary Books?
Answer» Answer: Subsidiary Books of Account Subsidiary Books of AccountAlso known as special purpose books, special purpose subsidiary books, and subsidiary books of ACCOUNTS are VARIOUS books recording financial transactions of a similar nature. They are sub-division of the journal. Subsidiary Books of AccountAlso known as special purpose books, special purpose subsidiary books, and subsidiary books of accounts are various books recording financial transactions of a similar nature. They are sub-division of the journal.During the LIFECYCLE of a business, the volume of transactions in a business may rise to an EXTENT that a single journal may no longer be adequate to KEEP the books. This is when special purpose books or subsidiary books may be required for more efficient bookkeeping.

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Answer:

Subsidiary Books of Account

Subsidiary Books of AccountAlso known as special purpose books, special purpose subsidiary books, and subsidiary books of ACCOUNTS are VARIOUS books recording financial transactions of a similar nature. They are sub-division of the journal.

Subsidiary Books of AccountAlso known as special purpose books, special purpose subsidiary books, and subsidiary books of accounts are various books recording financial transactions of a similar nature. They are sub-division of the journal.During the LIFECYCLE of a business, the volume of transactions in a business may rise to an EXTENT that a single journal may no longer be adequate to KEEP the books. This is when special purpose books or subsidiary books may be required for more efficient bookkeeping.

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