- Journal is a book of original entry wherein transactions are first recorded in a chronological order.
- Special purpose journal are the journal which are specially opened for some routine transactions.
- The following are the examples of special purpose journals
· Sales Journal
· Returns inward journal
· Returns outward journal
· Cash journal
· Bills Receivable Journal
· Bills payable journal
- Subsidiary books mean the books where the transactions are recorded first for the purpose of record.
- Advantages of subsidiary books includes:-
- Division of work
- Facilitate quick checking
- Specialization and efficiency
- Time saving
- Timely availability of information, etc.