Question

Give two examples of entries which appear in journal proper

Answer 1

Journal Proper is used for recording only those transactions as cannot be recorded in any of the other subsidiary books. Examples of such transactions are

1)Opening entries

2)Transfer entries

3)Adjusting entries

4)Closing Entries

5)Entries relating to  rectification of errors

6)Entries relating to dishonour of bills or promisory notes

7)Withdrawl of the goods by the proprietor for personal use or loss of goods by theft ,fire ,etc

8)Credit purchase or sale of assets

9)Bad Debts