Concept of Subsidiary Books

Give word/term or phrase for the following statement:

Note issued by seller on receipt of defective goods from customer.

Answer the following question in one sentence:

What is Subsidiary Books?

Enter the following transactions in the Subsidiary Book of Kamal Traders.

2018 April

01 Bought from Suhas goods of ₹ 12,000 as per his Invoice No. 41.

04 Purchased from Virat goods of ₹ 11,870 less 10% Trade Discount vide Bill No. 12.

07 Bought from Kuldip goods of ₹ 11,000 less 25% Trade Discount vide Bill No. 12.

08 Bought from M/s. Art Furniture Works, Furniture for ₹ 13,000 vide Invoice No. 84.

12 Sold to Dhiraj goods of ₹ 11,500 vide Sales Invoice No. 27

13 Sold to Raja goods of ₹ 12,780 less 5% Trade Discount, vide invoice No. 88

21 Sold to Suresh goods of ₹ 8,000 less 20% Trade Discount

23 Dhiraj returned goods of ₹ 500 vide our Credit note No. 14

26 Suresh returned goods of ₹ 150 (gross) vide our Credit Note No. 115

28 Returned to Suhas goods ₹ 1,200 vide our Debit Note No. 09

30 Returned to Virat goods of ₹ 1,300 (Gross) vide our Debit Note No. 10.

30 Returned to Kuldip goods of ₹ 1,100 (Gross) vide our Debit Note No. 11.

Select the most appropriate answer from the alternatives given below and rewrite the sentence:

Sub-division of the journal is known as ______ book.

Give word/term or phrase for the following statement:

A bank account which the businessman prefer to open.

Give word/term or phrase for the following statement:

Name the account which encourages personal savings.

Enter the following transactions in the Subsidiary Books of Navyug Traders:

2018 March

01 Sold to Bharat Patil goods ₹ 10,000 at 10% Trade discount.

04 Purchased from Naresh goods of ₹ 11,000 less 10% Trade discount.

06 Purchased Furniture from M/s. Sham Furniture Works, of ₹ 15,000 for office use.

07 Bharat Patil returned 20% of the goods bought by him on 1st March above and we gave him fresh goods in exchange.

08 Sold to Sundar goods of ₹ 13,000 less 15% Trade Discount.

10 Sold to Sumit Computer for ₹ 23,800 with a book value of ₹ 24,000.

12 Placed an order with Sajan for goods of ₹ 12,000.

17 Purchased from Naresh goods of ₹ 14,000 and sold them to Kamesh for ₹ 16,000.

19 Kamesh returned us goods of ₹ 1,600 and immediately returned the same to Naresh.

23 Sold to Rakesh for ₹ 4,500 old Furniture with a book value of ₹ 4,800.

26 Returned to M/s. Sham Furniture Works, office Furniture of ₹ 4,500.

28 Sajan executed our order dated 12th March, 2018.

Complete the following sentence:

Cash Book is a ______ Journal.