My Math Forum  

Go Back   My Math Forum > Science Forums > Economics

Economics Economics Forum - Financial Mathematics, Econometrics, Operations Research, Mathematical Finance, Computational Finance


Reply
 
LinkBack Thread Tools Display Modes
June 15th, 2019, 03:49 PM   #1
Newbie
 
Joined: Jun 2019
From: India

Posts: 12
Thanks: 0

Can someone help me with some accounting terms ?

I have confusions about vouchers and subsidiary books .

Are Accounting Vouchers same as Subsidiary Books ?


Quote:
you learnt that all the business transactions are first recorded in the journal and then they are posted in the . A small business may be able to record all its transactions in one book only, i.e., the journal.But as the business expands and the number of transactions becomes large, it may become cumbersome to jour-nalise each transaction. For quick, efficient and accurate recording of business transactions, Journal is sub-divided into special journals. Many of the business transactions are repetitive in nature. They can be easily recorded 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 credit sales transactions in another book and all credit purchases transactions in yet another book and so on.These special journals are also called day books or subsidiary books. Transactions that cannot be recorded in any special journal are recorded in journal called the Journal Proper
Thanks
PokerMan39 is offline  
 
June 16th, 2019, 05:17 PM   #2
Newbie
 
Joined: Jun 2019
From: India

Posts: 12
Thanks: 0

OK i ordered a book online called Financial accounting by V.K Goyal .

It has the information i am looking for about vouchers and subsidiary books .



Thanks
PokerMan39 is offline  
June 16th, 2019, 05:31 PM   #3
Math Team
 
Joined: Oct 2011
From: Ottawa Ontario, Canada

Posts: 14,597
Thanks: 1038

OK...what's your point/question?
Denis is offline  
June 17th, 2019, 09:43 AM   #4
Newbie
 
Joined: Jun 2019
From: India

Posts: 12
Thanks: 0

I think i was looking for a book that would explain some accounting terms starting from the vouchers itself .

I found this book , financial accounting by V.K goyal after searching sometime .

Let me also recommend this book anyone trying to start learning accounting

Accounting Principles, 12th Edition by Jerry Weygandt
PokerMan39 is offline  
Reply

  My Math Forum > Science Forums > Economics

Tags
accounting, terms



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Need a good book to learn accounting PokerMan39 Economics 4 June 17th, 2019 09:40 AM
accounting algebra Q Rod22 Algebra 1 January 11th, 2017 06:57 AM
Financial and Management Accounting almazz Algebra 3 February 15th, 2012 03:52 AM
Financial and Management Accounting almazz Algebra 1 February 12th, 2012 05:29 PM
financial accounting jeanie New Users 0 December 6th, 2006 02:37 PM





Copyright © 2019 My Math Forum. All rights reserved.