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SS1: FINANCIAL ACCOUNTING - 1ST TERM

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  1. Introduction to Booking Keeping and Accounting | Week 1
    11 Topics
    |
    1 Quiz
  2. Introduction to Books of Account | Week 2
    6 Topics
    |
    1 Quiz
  3. Subsidiary Books of Account I | Week 3
    4 Topics
    |
    1 Quiz
  4. Subsidiary Books of Account II | Week 4
    4 Topics
    |
    1 Quiz
  5. Principles of Double Entry Book Keeping | Week 5
    1 Topic
    |
    1 Quiz
  6. Cash Book | Week 6
    6 Topics
    |
    1 Quiz
  7. Petty Cash Book | Week 7
    1 Topic
    |
    1 Quiz

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Topic Content:

  • Meaning of Subsidiary Books
  • Uses of Books of Prime Entry

What are Subsidiary Books?

Subsidiary books are the books of “Original entry or Prime entry” into which transactions are initially or first recorded before being transferred as posted to the ledger. The subsidiary books do not form part of the double entry.

Uses of Books of Prime Entry:

(i) The subsidiary books provide aids to memory.

(ii) The total amount of sales and purchases can be readily ascertained.

 

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