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AFM Capsule Cards PRO Maintenance of Cash/Subsi…
What are subsidiary books in accounting and why are they maintained instead of a single principal journal?
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Subsidiary Books (Special Journals)
Maintenance of Cash/Subsidiary Books and Ledger 33
WA 33
AFM Capsule Cards PRO Maintenance of Cash/Subsi…
How does the Imprest System of petty cash work in day-to-day business operations?
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Petty Cash Book & Imprest System
Maintenance of Cash/Subsidiary Books and Ledger 33
WA 33
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What is the primary function of the Sales Day Book in the accounting cycle?
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Sales Day Book
Maintenance of Cash/Subsidiary Books and Ledger 30
WA 30
AFM Capsule Cards PRO Maintenance of Cash/Subsi…
Why is the Ledger referred to as the 'Principal Book' or 'Book of Final Entry'?
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The Ledger - Principal Book
Maintenance of Cash/Subsidiary Books and Ledger 30
WA 30
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Why is the Cash Book considered both a book of original entry (journal) and a principal book (ledger)?
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Cash Book Dual Role
Maintenance of Cash/Subsidiary Books and Ledger 29
WA 29
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What does the process of 'balancing an account' involve at the end of an accounting period?
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Balancing an Account
Maintenance of Cash/Subsidiary Books and Ledger 28
WA 28
AFM Capsule Cards PRO Maintenance of Cash/Subsi…
What is a 'Contra Entry' in a Double or Triple Column Cash Book?
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Contra Entries in Cash Book
Maintenance of Cash/Subsidiary Books and Ledger 27
WA 27
AFM Capsule Cards PRO Maintenance of Cash/Subsi…
Which specific types of transactions are recorded in the Purchase Day Book (or Purchase Journal)?
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Purchase Day Book
Maintenance of Cash/Subsidiary Books and Ledger 27
WA 27
AFM Capsule Cards PRO Maintenance of Cash/Subsi…
If a transaction cannot be recorded in any specific subsidiary book, where is it entered?
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Journal Proper (General Journal)
Maintenance of Cash/Subsidiary Books and Ledger 26
WA 26
AFM Capsule Cards PRO Maintenance of Cash/Subsi…
What are the main types of cash books maintained by businesses?
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Types of Cash Books
Maintenance of Cash/Subsidiary Books and Ledger 25
WA 25
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What is 'Posting' in the context of accounting procedures?
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Posting from Journal to Ledger
Maintenance of Cash/Subsidiary Books and Ledger 25
WA 25
AFM Capsule Cards PRO Maintenance of Cash/Subsi…
How do you determine if a ledger account has a debit balance or a credit balance?
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Debit vs Credit Balances
Maintenance of Cash/Subsidiary Books and Ledger 25
WA 25
AFM Capsule Cards PRO Maintenance of Cash/Subsi…
Why are Nominal Accounts (expenses and revenues) not balanced and carried forward to the next year?
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Nominal Accounts Closing
Maintenance of Cash/Subsidiary Books and Ledger 22
WA 22
AFM Capsule Cards PRO Maintenance of Cash/Subsi…
How are Trade Discounts and Cash Discounts treated differently in the cash book and subsidiary books?
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Trade Discount vs Cash Discount
Maintenance of Cash/Subsidiary Books and Ledger 20
WA 20
AFM Capsule Cards PRO Maintenance of Cash/Subsi…
In large organizations like banks, why is the General Ledger sub-divided into subsidiary ledgers?
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Sub-division of Ledger
Maintenance of Cash/Subsidiary Books and Ledger 17
WA 17
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What purpose does the Ledger Folio (L.F.) column serve in the Journal and Subsidiary Books?
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Ledger Folio (L.F.) Column
Maintenance of Cash/Subsidiary Books and Ledger 23
WA 23
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What is an 'Opening Entry' and in which book is it recorded at the start of a financial year?
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Opening Entries
Maintenance of Cash/Subsidiary Books and Ledger 22
WA 22
AFM Capsule Cards PRO Maintenance of Cash/Subsi…
What is the purpose of maintaining Bills Receivable (B/R) and Bills Payable (B/P) Books?
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Bills Receivable & Payable Books
Maintenance of Cash/Subsidiary Books and Ledger 20
WA 20
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What does 'casting' mean in the context of subsidiary books like the Purchase or Sales Day Book?
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Casting of Subsidiary Books
Maintenance of Cash/Subsidiary Books and Ledger 20
WA 20
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How do the Returns Inward Book and Returns Outward Book differ?
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Returns Inward & Outward Books
Maintenance of Cash/Subsidiary Books and Ledger 19
WA 19
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Maintenance of Cash/Subsidiary Books and Ledger — JAIIB AFM Capsules

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Subsidiary Books (Special Journals) What are subsidiary books in accounting and why are they maintained instead of a single principal journa… Petty Cash Book & Imprest System How does the Imprest System of petty cash work in day-to-day business operations? Sales Day Book What is the primary function of the Sales Day Book in the accounting cycle? The Ledger - Principal Book Why is the Ledger referred to as the 'Principal Book' or 'Book of Final Entry'? Cash Book Dual Role Why is the Cash Book considered both a book of original entry (journal) and a principal book (ledger)? Balancing an Account What does the process of 'balancing an account' involve at the end of an accounting period? Contra Entries in Cash Book What is a 'Contra Entry' in a Double or Triple Column Cash Book? Purchase Day Book Which specific types of transactions are recorded in the Purchase Day Book (or Purchase Journal)? Journal Proper (General Journal) If a transaction cannot be recorded in any specific subsidiary book, where is it entered? Types of Cash Books What are the main types of cash books maintained by businesses? Posting from Journal to Ledger What is 'Posting' in the context of accounting procedures? Debit vs Credit Balances How do you determine if a ledger account has a debit balance or a credit balance? Nominal Accounts Closing Why are Nominal Accounts (expenses and revenues) not balanced and carried forward to the next year? Trade Discount vs Cash Discount How are Trade Discounts and Cash Discounts treated differently in the cash book and subsidiary books? Sub-division of Ledger In large organizations like banks, why is the General Ledger sub-divided into subsidiary ledgers? Ledger Folio (L.F.) Column What purpose does the Ledger Folio (L.F.) column serve in the Journal and Subsidiary Books? Opening Entries What is an 'Opening Entry' and in which book is it recorded at the start of a financial year? Bills Receivable & Payable Books What is the purpose of maintaining Bills Receivable (B/R) and Bills Payable (B/P) Books? Casting of Subsidiary Books What does 'casting' mean in the context of subsidiary books like the Purchase or Sales Day Book? Returns Inward & Outward Books How do the Returns Inward Book and Returns Outward Book differ?
Chapters in this paper
Definition, Scope & Accounting Standards including Ind AS Balance Sheet Equation Financial Management - An Overview Taxation: Income Tax/TDS/Deferred Tax Basic Accountancy Procedures Preparation of Final Accounts Ratio Analysis Goods & Services Tax Maintenance of Cash/Subsidiary Books and Ledger Company Accounts - I Financial Mathematics - Calculation of Interest and Annuities An Overview of Cost & Management Accounting Bank Reconciliation Statement Company Accounts - II Financial Mathematics - Calculation of YTM Costing Methods
Modules in AFM
MODULE A: Accounting Principles and Processes MODULE B: Financial Statements and Core Banking Systems MODULE C: Financial Management MODULE D: Taxation and Fundamentals of Costing
JAIIB papers
IE-IFS — Indian Economy & Indian Financial System PPB — Principles & Practices of Banking AFM — Accounting & Financial Management for Bankers RBWM — Retail Banking & Wealth Management
Study formats
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