Wind Energy

put down of minutes-II 4 I LEARNING OBJECTIVES after studying this chapter, you lead be able to : state the acquire for limited occasion curbs; interpret the proceedings in hard coin in track record and post them in the daybook; prepargon the petty cash book; read the minutes in the special theatrical role books; post the entries in the special purpose book and to the leger; balance the ledger accounts. n chapter 3, you lear nt that every last(predicate) the business transactions ar scratch line prevent in the daybook and then they are affix in the ledger accounts. A sm all told business whitethorn be able to infix all its transactions in one book only, i.e., the journal. further as the business expands and the enumerate of transactions deceases large, it may become cumbersome to jour-nalise from each one transaction. For quick, efficacious and accurate put down of business transactions, diary 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 cash transactions may be recorded in one book, all mention 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 auxiliary 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 crunch possible in business relationship work. In this chapter we will discuss the following special purpose books: Cash throw Purchas! es 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 swear 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: OrderEssay.net

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