What is a book book?
accounts contains transaction records for commercial accounts. Double input systems used by commercial organizations include numerous books or books, including the main book and a general magazine. In summary, these books are referred to as books, a shortened term for accounting books. One book book can refer to one of the numerous books used in the accounting process.
Primarily the most common use of the term "book books" refers to the main book used in double input systems. The main book contains all the accounts used by the organization along with the current balances of these accounts. Changes in these accounts require items to notice transactions and create a continuing record of the financial history of the organization. Other types of books of books and accounts include a general magazine, a costly book and a subsidiary, depending on the selected specific accounting system. Each book corresponds to the definition of the Book of Accounts, although the term is used less often for these books.
In the accounts with double entry jE Main book One of the numerous components for keeping records used in tandem with other books in the commercial accounting system. At the end of the accounting period, information from the main book is transmitted to the financial statements for the organization. Transactions are recorded when they relate to account balances in the main book, but these records reflect only loans or debit for the accounts. Detailed information about specific transactions is recorded in the magazine in the General Magazine.
House account records showing changes to different commercial accounts used by organizations. These accounts show changes in the balances for assets, obligations and expenses. For double -entry accounts, the general magazine of the specific transaction involving records at least two affected accounts, one with credit and the other with a debit. The new balance on the account drawn from General Journal Information is transmitted to the main book as a summary item.
Example can help explain how the book books are used. Purchase of office equipment creates a reduction in cash and increases the account of assets for office equipment. Specific transactions, affected by accounts and transaction registration each guarantees a record on separate lines in the general diary. Increase or decrease each account then converts into the primary book books, the main book. At the end of the accounting period, the main book is balanced by transfer to financial statements such as balance sheet, profit and loss statement and own capital statement.