Chapter No. 11 – Special Purpose Books II – Other Books – T.S. Grewal 11 Class – Book Solution

Books in which we record a specific type of transaction is caller subsidiary books because It is too difficult to records all business transaction in the journal in practical. In order to make the quick, efficient and reliable recording of the business transactions, the need for subdivision of journal arises. Subdivided books are called subsidiary books. these books are also called daybooks.

1. Purchase Book:

Purchase Book is that book in which we record all the business credit transactions related to the purchase of goods only. Type of Purchase Book shown below:

1. Simple
2. Columnar

2. Sales Book:

Sales Book is that book in which we record all the business credit transactions related to the sale of goods only. Type of Sales Book shown below:

1. Simple
2. Columnar

3. Purchase Return Book/ Returned Outward Book:

Purchase Return Book is the book in which we record the goods returned to the supplier or the vendor. it is also called “Return Outward Book”, “Purchase Return Journal”  and “Purchases Returns Day Book”.

4. Sales Return Book/Returned Inward Book: 

Sales Return Book is a book in which we record the goods returned by the customers or buyers. It is also called “Return Inward Book”, “Sale Returns Journal”  and “Sale Returns Day Book”.

5. Bill Receivable Book:

Bill receivable is an instrument of debt written by the seller of goods and services and accepted by the buyer of goods and services. We have recorded all transactions related to Bills receivable in the bill receivable book.

6. Bill Payable Book:

Bill Payable is an instrument of debt written by the seller of goods and services and accepted by the buyer of goods and services. We have recorded all transactions related to Bills Payable in the bill payable book.

7. Journal Proper:

Journal Proper is original entry books like as all subsidiaries Books. All those transactions which can not record in any of the other subsidiary books are recorded in journal proper.

Chapter No. 11 – Special Purpose Books II – Other Books – T.S. Grewal 11 Class – Book Solution

Question wise solution of the all Questions of Ledger – T.S. Grewal 11 Class – Book Solution are shown below: –

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