In a Co-operative Society, the Receipts & Payments Account (R&P Account) and Income & Expenditure Account (I&E Account) are prepared from the balances of ledger accounts.
The General Ledger contains all the ledger accounts of members, cash, bank, income, and expenditure.
Sub-Day Books (like Cash Book, Purchase Book, Sales Book) are special journals used to record daily transactions but are not directly used to prepare the R&P Account.
Special Ledger is not a standard term in accounting.
