Class 11 Accountancy - TELANGANA
Recording of Transactions - II
The chapter 'Recording of Transactions - II' in Class 11 Accountancy for Telangana (TSBSE) students focuses on the preparation of specialized subsidiary books and the triple column cash book. Building on basic journal entries, this chapter teaches you how businesses handle large volumes of repetitive transactions efficiently by dividing the journal into Cash Book, Purchase Book, Sales Book, Purchase Return Book, Sales Return Book, and Journal Proper. Mastery of this chapter is essential for board exams as it carries high weightage in practical problems and forms the foundation for preparing ledger accounts and trial balances accurately.
Start Learning FreeKey Concepts
Subsidiary Books
Specialized journals used to record repetitive business transactions of similar nature directly from source documents, reducing the workload of the main journal.
Purchase Book
A subsidiary book specifically maintained to record only credit purchases of goods meant for resale by the business.
Sales Book
A specialized book used exclusively for recording credit sales of merchandise dealt in by the enterprise.
Triple Column Cash Book
A cash book that contains three separate columns on each side: Cash, Bank, and Discount, to record cash receipts, payments, bank transactions, and discounts.
Contra Entry
A transaction that affects both the cash and bank accounts simultaneously, denoted by the letter 'C' in the ledger folio column of a cash book.
Important Formulas
Board Exam Info
In the Telangana (TSBSE) Class 11 Accountancy board examinations, this chapter typically carries about 10 to 15 marks. Questions commonly include long-answer practical problems asking students to prepare a Triple Column Cash Book with contra entries or specific subsidiary books like Purchase and Sales Books from given source data.
Frequently Asked Questions
Are cash purchases recorded in the Purchase Book?
No, only credit purchases of goods are recorded in the Purchase Book. Cash purchases are recorded directly in the Cash Book.
What is a contra entry and how is it marked in a Triple Column Cash Book?
A contra entry occurs when cash is deposited into the bank or withdrawn from the bank for office use. It affects both cash and bank columns and is marked with a 'C' in the L.F. column.
Are assets purchased on credit recorded in the Purchase Book?
No, the Purchase Book records only the credit purchase of goods dealt in by the business. Credit purchase of fixed assets is recorded in the Journal Proper.
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