DISHA GUPTA
PRAGYA GUPTA
VAIBHAV GUPTA
NIMIT GUPTA
CHINTAN GANDHI
ABHAY GAUR
DEBAYAN
GANGOPADHYAY
SUBSIDIARY BOOKS
PURCHASE
AND
PURCHASE RETURNS
What is Accounting?
3. Minimizes Frauds:
These books make possible the introduction of internal
check system under which the system of rotation of
writing up books can be adopted. This helps minimizing
errors and detecting frauds.
4. Facilitates Further Reference:
As transactions of similar nature are
grouped together in a separate book, the
further reference to any particular item is
considerably facilitated.
Purchases Book
Credit purchases are recorded in the Purchases
book. It means that purchase of goods for cash
and purchase of items other than goods are not
recorded in this book. The entries in this book
are recorded on the basis of Invoice received
from suppliers with the amount net of trade
discount.
Purchase Return Book