Four diverse special publications are product sales journal, order journal; money receipt journal and cash payment diary. They all are particular journal being utilized to record data of recurring characteristics. A deal in accounting is recorded with the help of diary entry. To prevent passing entries all moments of transactions of same characteristics, they are recorded in unique journal. This way some repletion of work is definitely avoided, and it helps performing ledger submitting specially when utilizing manual accounting system. You can also see all purchase of same nature for one place in its respective special record. Sales record records every transactions relevant to sales, credit purchase is usually recorded in purchase diary, and all cash receipts and payments happen to be recorded in cash invoices and obligations journal. Supplementary ledger can be used to keep record of all buyers and suppliers separately. The person account is usually maintained in subsidiary journal. It helps in knows what is to be received from a buyer and what is to be paid out to a dealer. The total coming from all individuals bank account are retained in control consideration. If one wants to see the total quantity receivable coming from all customers and payable to all suppliers, it can be seen in control accounts. One can use subsidiary journal account with control consideration of standard ledger. Almost all sales upon credit and all purchases on credit will be recorded in control account of account receivable and bank account payable and also to individual consideration in part ledger. Supplementary ledgers help out with reconciling the figure of both ledgers. It is also a type of good interior control, if perhaps subsidiary ledger is managed by various other employee than who is retaining general ledger.
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