What is Books of accounts?please give its samples and meaning?

Answer 1

BOOKS OF ACCOUNT refer to the financial records of a business. Usually refers to the lowest level of recorded data, before summaries are made. They include the cash book, the general journal (also sales and purchases journals, if used) and the general ledger, as well as the subsidiary ledgers like debtors, creditors ledgers and fixed asset registers

Answer 2

In your accounting class this is a list of how your sort the companies that you do business with. What I mean by that is if you buy paper and pens from office depot you would allocate the cost of the paper and pens to _________ Office supplies? Office supplies is on the Chart of accounts. When you have a companies chart of accounts you can easily place the expenses and income into the proper places if you know what each is for. A Book of accounts may also be the list of all of the companies that you do buisness with and their current balances. You need to look at this in context and see which is more correct for your purpose. Are you talking accounts payable?or receivable=Book of Accounts. Are you talking income and expense? Chart of accounts.

Answer 3

I assume you mean accounts payable (stuff you owe) and accounts receivable (stuff owed you)