Give the format of purchases book.

Mention the subsidiary books in which the following transactions are recorded.
(i) Sale of goods for cash
(ii) Sale of goods on credit
(iii) Purchases of goods on credit
(iv) When the proprietor takes goods for personal use
(v) Goods returned to suppliers for which cash is not received immediately
(vi) Asset purchased as credit.

What are the advantages of subsidiary books?

Write short notes on :
(a) Endorsement of a bill and
(b) Discounting of a bill

Visit some business units in your area. Find out the books maintained by them. Do they maintain special subsidiary books? If not, discuss with them the need and guide them on maintaining the special subsidiary books.

What are the various types of subsidiary books?

Write notes on rectifying entries.

Explain the purposes of various subsidiary books.

Explain the purpose of journal proper with examples.

Give specimens of the following:
(a) Purchases book,
(b) Sales book,
(c) Purchases return book,
(d) Sales return book.