What is a journal proper?explain thetransactions recorded in the journal proper
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journal proper. Books with original entries used for miscellaneous credit transactions that do not fit into other recorded books. The journal is maintained like a simple journal to record opening entries, closing entries, transfer entries, adjustment entries, rectification entries, and rare transactions
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Meaning of Journal proper the transactions recorded in the journal proper
Explanation:
Journal Proper are the books of accounts that record original entry which do not find place in any other subsidiary books because these transaction are not frequent in nature. following transactions are recorded in journal proper-
- opening entry of the business firm
- Closing entries of the firm
- Adjustment entries if any.
- Entries related to bad debt
- goods distributed as free samples.
- any loss of good by fire, theft etc.
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Journal proper and transactions recorded in it.
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