Wind Energy

put down of transactions-II 4 I LEARNING OBJECTIVES aft(prenominal) studying this chapter, you leave be able to : state the pack for fussy occasion retains; interpret the proceedings in gold countersign and post them in the daybook; prepargon the petty bullion book; read the transactions in the special habit books; post the entries in the special purpose book and to the al-Quran; balance the ledger accounts. n chapter 3, you lear nt that every last(predicate) the business transactions ar scratch line preserve in the journal and then they are affix in the ledger accounts. A sm altogether business may be able to interpret all its transactions in one book only, i.e., the journal. merely as the business expands and the enumerate of transactions begets large, it may become cumbersome to jour-nalise from each one transaction. For quick, efficacious and accurate enter of business transactions, journal is sub-divided into special journals. galore(postnominal) of the business transactions are repetitive in nature. They basin be easily save in special journals, each meant for recording all the transactions of a similar nature. For example, all interchange transactions may be recorded in one book, all character reference sales transactions in another book and all credit purchases transactions in yet another book and so on. These special journals are also called daybooks or accessory books.

Transactions that cannot be recorded in any special journal are recorded in journal called the Journal Proper. Special journals prove scotch and make division of drudge possible in business relationship ! work. In this chapter we will discuss the following special purpose books: Cash adjudge Purchases Book Purchases Return (Return Outwards) Book sales Book sales Return (Return Inwards) Book Journal Proper Recording of Transactions - II 92 4.1 Cash Book Cash book is a book in which all transactions relating to cash pass and cash payments are recorded. It starts with the cash or edge balances at the beginning of the period. Generally, it is made on...If you want to get a climb essay, order it on our website: OrderCustomPaper.com

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