Hello fellow steemians and the great community members this is the submission post of my homework of accounting LINK which is being given to us by @citysilver45.

subsidiary books in accounting

subsidiary book are dairies with all the information of a company on daily basis. These contains all the formal and informal information of any company so it can be track down in the time of need. These books are being labelled differently by workers of specific tasks so than can manage everything in written form. the main thing in this books are they have numbering on each page so it cannot be torn up by any means which assure the correctness of data.

Importance of subsidiary books

They are important for many reasons some of them are mentioned below:

Internal checks for the owner

these books can be used to track down any unnatural transactions and errors. it means that these books can be used to track all the related of information by the owner when he feels something unusual in any manner which can directly lead to the fraud companion and things can be sort out in a technical manner.

Decision making

with the information in these books one can see what percentage of profit he made and how much he have done to raise the capability and earnings of the company with the passage of time. so he can manage every thing while just looking through the subsidiary books.

Work ability

One can increase the ability of company work and also track down the mistakes and learn from these mistakes while checking the facts and figures in the subsidiary books.

Work division

Subsidiary books help to manage the tasks given to specific workers. he can check in the books and relate which employee has the ability of which tasks so he can gave them respective tasks accordingly.

Types of subsidiary books

Cash book

cash book is the most important type of subsidiary book. it holds data of all the cash related information. it is mostly handled by the owner of company which look through this book on regular basis.

Purchase day book

Purchases day the uses of this book it means this book hold the data and record all the things going around on the day of any purchases by the company on specific date.

Sales day book

sales day also self explanatory term it means that it hold all the record of the day when sales are made by the company.

Bills receivable book

this subsidiary books hold all the data of bills that are being received by the company. Most interesting part of this book is this it has a section of signature and name which means that the person who receive any kind of company bill have to fill it with his name and sign there for the confirmation purposes to be accurate.

Bills payable book

This subsidiary books holds the record of all the company bills which are due on specific date or which are being payed. This book is very important for the owner as well because with the information written on this help the owner to track down the cost of fuel, raw material, services he paid for, electricity and other external resources.

double entry system in accounting with the help of subsidiary books

subsidiary books are very important part of double entry system in accounting. Because we all know that the data on the servers can be removed or replaced by anyone at any time but in the written form with printed on page numbers its quite impossible to do that.

I want to invite my friends to take part in this lecture @bossj23, @madilyn02 and @leyxi209
This is the link of my introductory post LINK

Cc:
@citysilver45
@steemkidss