What is meant by the account book for future reference
The prepared account can supplement the information that cannot be reflected in detail in the general ledger and the subsidiary ledger, and has the basic function of the prepared account. How to understand the account book for future reference?
What is the account book for future reference?
A memo account book, also known as a supplementary register or a supplementary register book, refers to an account book for supplementary registration of economic transactions that cannot be recorded in some ledger account books and chronological account books, or are not fully recorded.
The memo account book is only a supplement to other account book records, so it has no fixed format requirements and should be set according to the actual needs of the enterprise.
Classification of accounting books
1. Chronological account book
A chronological account book is an account book that is registered daily and transaction by transaction according to the sequence of economic transactions. It is also called a journal.
Chronological account books can be divided into special journals and general journals according to their recorded contents.
(1) General Journal: an account book that registers all economic transactions day by day and transaction by transaction in the order of their occurrence time;
(2) Special Journal: an account book that registers a specific type of economic business day by day and transaction by transaction according to the sequence of its occurrence time.
2. Ledger Book
The ledger account book can be divided into general ledger account book and detailed ledger account book according to the degree of detail that it reflects economic business.
(1) The general ledger account book, also known as the general ledger, is opened according to the general ledger account, which generally reflects certain economic activities. The general ledger controls the subsidiary ledger.
(2) The subsidiary ledger, also known as the sub ledger, is opened according to the subsidiary ledger account to provide detailed accounting data. The sub ledger supplements and explains the general ledger.
3. Account book for future reference
A memo account book, also known as a supplementary register or a supplementary register book, refers to an account book for supplementary registration of economic transactions that cannot be recorded in some ledger account books and chronological account books, or are not fully recorded.