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What are special purpose books? - Accountancy

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Answer in Brief

What are special purpose books?

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Solution

Business transactions are large in number and difficult to record; so, journal is sub-divided for quick, efficient and accurate recording of the business transactions.

Special purpose books like, sales book and purchases book are maintained for those transactions that are routine and repetitive in nature.

Recording through these books is economical and enables division of work among accountants.

Concept: Recording of Transactions 2
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APPEARS IN

NCERT Accountancy Financial Accounting 1 Class 11
Chapter 4 Recording of Transactions - II
Questions for practice | Q 3 | Page 152
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