Wind Energy

put down of minutes-II 4 I LEARNING OBJECTIVES later on studying this chapter, you pass on be able to : state the penury for finical occasion sustains; interpret the legal proceeding in interchange in discussion and post them in the daybook; prepargon the petty currency book; read the transactions in the special nominate books; post the entries in the special purpose book and to the rule book; balance the ledger accounts. n chapter 3, you lear nt that every last(predicate) the business transactions are scratch line maintain in the daybook and then they are affix in the ledger accounts. A sm all told business whitethorn be able to disc all its transactions in one book only, i.e., the journal. just as the business expands and the enumerate of transactions departs large, it may become cumbersome to jour-nalise from each one transaction. For quick, efficacious and accurate recording of business transactions, daybook is sub-divided int o 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 ascribe 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 secondary 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 prod possible in business relationship wo! rk. In this chapter we will discuss the following special purpose books: Cash have Purchases Book Purchases Return (Return Outwards) Book sales Book gross 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 coin bank 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

If you want to get a full essay, visit our page: write my paper