What is difference between journal and journal proper?
Answers
A journal in bookkeeping and accounting refers to a record of all the financial transactions of a business along with the dates. It is a book of original entry.
Journal proper is also known as a miscellaneous journal. All the miscellaneous credit transactions are recorded in this because these transactions are not fit for any other books.
Journal and Journal Proper are similar, except that all the transactions are recorded in a journal irrespective of the fact that it is a cash transaction, non-cash transaction or a credit transaction.
A journal refers to a daily book or a day-to-day book that is used to record the business transactions date-wise or chronologically. It helps in keeping a track of the type of accounts that have been credited and debited.
A journal proper maintains records of original transactions that are not usually mentioned in any accounting book because they do not occur frequently or are of not much significance. However, it has the same format as that of a journal.