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Subsidiary books

Accountancy

Sir in real business world..if transaction are recorded in subsidiary book .should it again be recorded in journal..

Shreesha .T.u

Shreesha .T.u

CA Foundation

★ 2K+

05-Jan-21 12:53

300

Answers (1)

No. In real world, most companies use ERP and there is no concept of different set of books. You just do entry at one place and rest of the account posting is taken care of.

CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

05-Jan-21 15:43

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