Ledger Books in Tally PRIME Ledger Book shows chorological records of collated transactions from Primary Books of Entry. The net balance of ledger account is carried in Financial Statements like Profit & Loss Account & Balance Sheet. So, a Ledger Book is a collection of accounting transactions from all Primary Books of Entries. It shows…
Tag: Subsidiary Ledger Books
Subsidiary Accounts Books Types, Advantages and Limitations
Subsidiary Accounts Books Subsidiary Books Subsidiary Books are extension of Principal Books (of Journal & Ledger) Book. When volume of transactions increase, recording of all transactions in Primary Books (Journal) and posting into one Ledger Book become inconvenient. Subsidiary Books save time, labour, space and avoid Primary Books becoming voluminous. In organisations with large number…
