Subsidiary Books Part 2 | Petty Cash, Purchase & Purchase Return Book | Class 11 Accountancy

Welcome to HS Patwal Mentorship! This video continues our structured focus on Class 11th Accountancy, focusing on: Subsidiary Books / Classification of Accounting Books (Part 2). 📊🔥 If you are a Commerce student looking to master your fundamentals and score high marks in school exams, this lecture simplifies three critical books of original entry: The Petty Cash Book, the Purchase Book, and the Purchase Return Book. We cover the precise theory, formats, and practical mechanics of entering transactions smoothly. What you will learn in this video: • 📌 Petty Cash Book: Understanding the Imprest System of petty cash and how to record day-to-day minor business expenses systematically. • 📌 Purchase Book (Journal): What qualifies for the Purchase Book? Learn why we strictly record credit purchases of goods only and completely exclude cash transactions or asset purchases. • 📌 Purchase Return Book: How to track goods sent back to suppliers, understanding Debit Notes, and accurately mapping out trade discounts. Make sure to grab your accounting ledger notebook, follow along with the formats, and build a strong foundation for the rest of your academic year! 📚 Key Concepts Covered: 👉 Imprest System: A system where a fixed sum of money is advanced to the petty cashier at the start of a period, which is later reimbursed based on verified expense vouchers. 👉 Debit Note: A formal document sent to a supplier informing them that their account is being debited due to returned goods or overcharging. 🔔 Subscribe to HS Patwal Mentorship for structured, conceptual Class 11 & 12 Accountancy lectures. 👍 Like the video if this helped clarify the concept. 💬 Comment below: If a business purchases office furniture on credit, in which book of original entry should it be recorded? #HSPatwalMentorship #Class11Accountancy #SubsidiaryBooks #PettyCashBook #PurchaseBook #CommerceClass11 #AccountancyClass11 #CBSEClass11 BY HIMANSHU SINGH PATWAL