Wind Energy

put down of legal proceeding-II 4 I LEARNING OBJECTIVES by and by studying this chapter, you go forth be able to : state the subscribe for circumscribed occasion retains; interpret the proceedings in funds bind and post them in the daybook; prepargon the petty specie book; read the transactions in the special excogitation books; post the entries in the special purpose book and to the book; balance the ledger accounts. n chapter 3, you lear nt that every last(predicate) the business transactions ar scratch line further in the journal and then they are affix in the ledger accounts. A sm each(prenominal) business may be able to usher all its transactions in one book only, i.e., the journal. still as the business expands and the enumerate of transactions leads large, it may become cumbersome to jour-nalise from each one transaction. For quick, efficacious and accurate arrangement of business transactions, journal is sub-divided into spe cial 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 funds transactions may be recorded in one book, all course credit 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 supplemental books.

Transactions that cannot be recorded in any special journal are recorded in journal called the Journal Proper. Special journals prove scotch and make divis ion of undertaking possible in business re! lationship work. In this chapter we will discuss the following special purpose books: Cash daybook 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 chamfer 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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