NCERT Solutions for Class 11 Accounting Chapter 4 Recording of Transactions II

The Recording of Transaction-II is a method of accounting special journals, each intended for reporting all the transactions of a related nature. Here, all transactions are registered in one book, entire sales made on credit are registered on the second book, and all credit purchases are registered in yet another book and so on. These special journals are also called as subsidiary books or day books. Few transactions that are not recorded in the special journal are recorded in the journal proper. This special journal of Recording of Transaction-II is economical and helps in dividing the labour in accounting work. There is also a more important topic like, Importance of Special Journal and Special Journal for Businesses, which also includes subtopics. These both topics with their sub-topics are explained in this chapter.