Class 11 Accountancy - WEST-BENGAL
Recording of Transactions - II
The chapter 'Recording of Transactions - II' under the West Bengal Council of Higher Secondary Education (WBCHSE) Class 11 Accountancy syllabus focuses on the preparation of various subsidiary books and the Cash Book. Moving beyond basic journal entries, this chapter teaches students how businesses systematically record specific and repetitive financial transactions—such as purchases, sales, cash receipts, and payments—in separate books of original entry. Mastery of this chapter is vital for board exams as it forms the backbone of ledger posting and trial balance preparation, frequently appearing as practical 6-mark or 8-mark numerical problems.
Start Learning FreeKey Concepts
Cash Book
A book of original entry used to record all cash receipts and cash payments, which also functions as a ledger account.
Purchases Book
A subsidiary book specifically maintained to record credit purchases of goods dealt in by the business.
Sales Book
A specialized journal used exclusively for recording credit sales of merchandise to customers.
Journal Proper
A residual subsidiary book used for recording miscellaneous transactions that do not fit into any other specialized journal.
Imprest System of Petty Cash Book
A system where a fixed amount of cash is given to the petty cashier at the beginning of a period to cover small expenses, which is later reimbursed.
Important Formulas
Board Exam Info
In the West Bengal (WBCHSE) Class 11 annual board examinations, this chapter typically carries around 8 to 12 marks. Questions usually include a comprehensive 6 or 8-mark practical problem on preparing a Double-Column or Triple-Column Cash Book, alongside short-answer or objective questions regarding subsidiary books and trade discounts.
Frequently Asked Questions
Are cash discounts recorded in the Cash Book?
Yes, cash discounts allowed are recorded in the discount column on the debit side of the Cash Book, and cash discounts received are recorded on the credit side.
Why are asset purchases on credit not recorded in the Purchases Book?
The Purchases Book records credit purchases of goods meant for resale only; credit purchases of fixed assets are recorded in the Journal Proper.
What is a contra entry and when does it occur?
A contra entry occurs when a transaction affects both cash and bank accounts simultaneously, such as cash deposited into the bank or cash withdrawn from the bank for office use, denoted by the letter 'C' in the Ledger Folio column.
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