Special Journal

Need help with your homework? Look no further! Our subject experts are ready to effortlessly handle your assignments, so you can finally say goodbye to stress and hello to top grades.

Please enable JavaScript in your browser to complete this form.
Click or drag files to this area to upload. You can upload up to 3 files.
Get a response in under 15 min

Special Journal: Purchases Book or Purchases Journal, Sales Book or Sales Journal, Purchases return Book and Sales Return Book

Explanation about Special Journal and subsidiary book

Subsidiary books or special journal books are important parts of transactions for a company where accountant keeps records carefully. There are different parts of Special journal books and these are – Purchase book, cash book, Return outward and return inward books. The importance of record is there, and thus each transaction needs to be filled its related journal book. Each type of transaction is associated with some particular book, and thus in financial accounting, preparation of different books is very important. However, some special kinds of entries are not allowed to enter in subsidiary books, and thus these get entered in general journal or journal proper.

Explanation of different kinds of subsidiary books

  • Purchase book or Purchase journal

This one is a very important part of Financial Accounting, in which transactions related to purchases of goods on credit, are provided in a particular book. This book is Purchase journal. There is a specific format of purchase journal on the basis of which transactions are needed to be recorded in a proper manner –

  1. Date – This comes at starting point of the format to keep records as per date. Be careful as it may be a common field, but it is very important.
  2. Invoice No. – Invoice is an important part to give proper details of goods. To maintain details, there must be related to numbers in which particular goods are related. To explain in details, invoice number is provided, and this field number holds the detail of invoice.
  3. Name of the suppliers – Who is the supplier for a particular type of goods? The accountant needs to fill name of company or supplier in that place.
  4. Ledger Folio – This needs to understand because it contains a particular page number and details on page can easily be accessed through provided page number in a purchase Page number is provided through the supplier’s book.
  5. Amount details and total amount – This field contains that how many articles are purchased from a particular supplier. Total amount is there for total contents of each supplier.

One more important thing is purchasing of assets. In case of purchasing of furniture, typewriter, any other material the purchase book is not responsible to for its details. Purchase book is there to keep records for goods related to business only and not responsible for its assets. So, whatever goods are purchased for the business or dealing with a company only that should be mentioned in the purchase book.

  • Sales Book or journal sales

What is the importance of sales book? Sales book is also a type of subsidiary book in which the records are available related to sales on credit. In addition, if any record relates to the sales on cash, then it will not be recorded in the sales book. Moreover, sales of assets like furniture and computers or different other materials are not recorded in sales book.

The format of sales book is completely same as per purchases book. Only the way of getting payment is just opposite as this is sales on credit.  The same format means the fields are – Date, Invoice number, Name of the customer (here the debited account number), Ledger Folio, Amount details and Total amount.

Purchase return Book

The name of this suggests that the purchased goods on credit may be returned to the seller in case of any defect in the products or in case of a larger supply from the company than the number of orders. The products can be returned in case of any mismatch from the provided sample on the basis of which a supplier gets ordered.

It means in a purchase return book, the records are mentioned, which are required to return to the supplier. Only due to this it is also known as return outwards. Along with the return note, a debit note is also provided to inform about the debit amount.

Sales Return Book

Sometimes whatever the host company sold to a customer or any other company may be returned by the purchaser. The reason may be one or many. This type of transactions takes place in sales return books, and the case of sales can not only is the host company has sold out this on credit. This is also known as Return Inward, and the customer gets a credit note. The company assures about the return items through a note as well as a credit note.

In this way, Subsidiary journal is important for the transactions. The above explanation clears that how to point out the particular transaction and how to maintain everything in a proper way. Thus, only in case of assets, the transaction is not done in the subsidiary book.


Links of Previous Main Topic:-

Links of Next Accounting Topics:-

Homework Blues?

Get expert help with homework for all subjects.

  • NPlagiarism-free work
  • NHonest Pricing
  • NMoney-back guarantee

Latest Reviews

Solved Sample Works

Accounting Homework

Corporate Accounting Sample

Biology Homework

Genetics Assignment Sample

Essay Writing Help

Business Plan Sample

Homework Help FAQs

Our Answers to Your Questions

How do I submit my homework?

Getting homework help is very simple with us. Students can either send us the homework via email or they can upload it to our online form here. For a quicker response, You can also chat with us at WhatsApp and submit homework directly. You are sure to get a response from our side within 10 minutes.

How much will my homework cost?

The cost of paying someone to do your homework varies depending on the service and the type of assignment. We have listed our standard pricing plans for popularly used writing services. For other kind of assignments, You can get a free instant quote from us using our online form.

We also accept partial payment to start working on your assignment help. You can pay the remaining amount when your task gets completed. No pressure of up-front payment. No hidden order costs.

Can I receive help with my homework anytime?

Yes, you can receive help with your homework anytime with us. Our online homework help services are available 24/7, allowing you to receive assistance with your homework anytime, anywhere.

For urgent homework requests, reach out to us through our LiveChat or WhatsApp channels and one of our friendly support agents will assist you in finding the right expert for your online homework help request immediately. With our services, you can rely on 24/7 availability and meeting deadlines.

Are online homework websites budget-friendly for students like me?

Yes, Our Online Homework Help websites are an affordable solution for you as a student. Compared to traditional tutoring services, MyHomeworkHelp prices their homework help services honestly and within the budget of college students. This makes it easier for you to receive assistance with your homework without breaking the bank.

What is your plagiarism-free policy?

At myhomeworkhelp, we take plagiarism very seriously and ensure that all solutions provided by our tutors are original and authentic. Our tutors are trained to provide custom-made solutions, tailored specifically to meet the requirements of each student. We do not provide pre-written papers. All our homeswork solutions are made from scratch, guaranteeing 100% orignal homework answers.

Additionally, we have strict plagiarism-detection tools in place to check all submissions for authenticity.

Is using an Online Homework Help Service cheating?

Using online homework help services is not equivalent to cheating. Our services are intended to support students with their homework and provide them with the resources they need to succeed academically. With the help of our online homework help services, students can receive immediate assistance with their homework from any location, at any time.

At myhomeworkhelp, we are committed to promoting academic integrity. Our tutors provide solutions that serve as guides for drafting your own work. It is not acceptable to submit someone else's work as your own, as this constitutes academic plagiarism.

Can I chat with my tutor?

Using our secure chat board, you can now chat directly with your assigned tutor. The chats are encrypted both ways to secure your privacy. This makes your contact with the tutor directly & confidentially, so you can better explain any requirements or changes if needed or just need updates.

You can't contact the experts outside of chat board platform. Sharing any personal information, including but not limited to contact information, goes against our Terms and Conditions and therefore may result in permanently blocking you from the platform. We take any personal data very seriously and we do it for the safety of our users.

Know more about chat board here.

What is your money-back guarantee policy?

It’s worth noting that our online homework help service rarely leads to disappointment among students. Our expert tutors, along with our support and quality assurance team, are dedicated to providing the best possible experience for our customers. However, if for any reason a student is unsatisfied with their homework help solution, we offer unlimited revisions until they are fully satisfied.

In the rare event that a student remains unsatisfied even after revisions, we offer a money-back guarantee. We want all of our students to feel confident and secure when they turn to us for assistance with their homework, and this guarantee is just one way that we demonstrate our commitment to providing the best possible service. If you have any concerns about our services or the quality of the work you receive, please contact us for support.

What is the expertise of the tutor assigned to do my homework?

At myhomeworkhelp, we take pride in our team of qualified and experienced tutors. All of our tutors undergo a rigorous selection process and are required to have a minimum of a master's degree in their respective fields. Additionally, they must pass a series of tests to demonstrate their proficiency and ability to deliver quality work. We believe in transparency and providing our clients with the best possible service. You can be confident in the expertise of the tutor assigned to do your homework.

What about privacy & confidentiality?

Using My Homework Help is absolutely safe. We care about your security, therefore we encrypt all personal data to make every user feel safe while using our services and we don’t share any personal information with any third parties without your permission. Your credit card information is not stored anywhere at My Homework Help, and use of PayPal relies on their secure payment networks. Your identity, payment and homework are in safe hands. You can always be certain of getting professional help and remaining anonymous, while using My Homework Help.