Question

what do you mean by 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

Answer 2

Answer:

In the accounting system, a journal proper is a book of first entries where all types of unrelated credit transactions that often do not fit in any other books are recorded. Because of this, it is sometimes known as a miscellaneous journal.

Explanation:

Journal proper is a book of original entry (basic journal) that is used to record various credit transactions that do not belong in any other journals. It also goes by the name "miscellaneous journal." This diary is maintained using the same format and steps as a simple journal.

The journal proper is a supplementary book that records transactions that do not fit into the subsidiary books like the cashbook, purchases book, and sales book, purchases returns the book, sales returns book, bills receivable book, and bills payable book.

The following transactions may only be recorded in a journal properly:

• entry openings.
• final entries.
• Entries transferred.
• Entry adjustments.
• entries for corrections.
• Entries for which no specific journal is available.
• Entries for special deals.

Entries for Which No Special Journal Exists:

When a trader is unable to record an entry in one of the aforementioned sub-journals, the entry is made in the main journal. The frequent transactions that cannot be noted in any original entry book are:

• distributing products as samples for free.
• distributing items to benefit charity.
• goods burned to the ground.
• goods that staff have taken.
• swapping one asset for another, etc.

Entries for Rare Transactions:

Rare transactions can occasionally occur in a firm. For such infrequent transactions, the journal proper is employed.

hence The journal proper is a supplementary book.