Question

Journal Proper records transactions of:
A. capital nature
B. different nature
C. similar nature
D. revenue nature​

Answer 1

Answer:

The correct answer is option (c)

Journal Proper records transactions of Similar nature

Explanation:

• The book of original entry which consist of all type of credit transactions which are not recorded in other books is known as Journal Proper.
• It is also known as Miscellaneous Journal or Journal Residual.
• In proper journal, the transactions are recorded in chronological order.
• In modern accounting system this book was restricted.
• For maintaining this journal the procedure was followed as same as simple journal.

The transactions which are recorded in Journal paper are:

• Opening entry
• Adjustment entries
• Rectification entries
• Transfer entries
• Other entries

There are four journals that are used to record transaction of similar nature.

These are used to record the transactions.

The journals are:

• Sales Journal
• Cash receipt Journal
• Purchase journal
• Cash disbursements journal

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Answer 2

Option C is correct

similar nature

Explanation:

• Journal Proper is the name given to the original entry book that contains all forms of credit transactions that are not documented in other books.
• Other names for it include Miscellaneous Journal and Journal Residual.
• Transactions are kept chronologically in a suitable journal.
• This book was prohibited in a contemporary accounting system.
• The technique for keeping this journal was the same as for keeping a simple journal.

On journal paper, the following transactions are noted:

• allowing entry
• Modification entries
• Correction entries
• Entry transfers
• Added entries
• To record transactions of a similar sort, four journals are employed.
• To record the transactions, they are used.

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