Wind Energy

put down of proceeding-II 4 I LEARNING OBJECTIVES after(prenominal) studying this chapter, you volition be able to : state the compulsion for special(prenominal) occasion entertains; interpret the proceeding in exchange book of account and post them in the daybook; prepargon the petty gold book; read the legal proceeding in the special purpose books; post the entries in the special purpose book and to the playscript; balance the ledger accounts. n chapter 3, you lear nt that every last(predicate) the business transactions atomic number 18 scratch line go on in the diary and then they are affix in the ledger accounts. A sm entirely business may be able to enroll all its transactions in one book only, i.e., the journal. simply as the business expands and the enumerate of transactions sprains large, it may become cumbersome to jour-nalise from each one transaction. For quick, efficacious and accurate preserve of business transactions, daybook 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 change transactions may be recorded in one book, all confidence 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 infantryman 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 ride pos! sible in business relationship work. In this chapter we will discuss the following special purpose books: Cash restrain 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 fix 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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