Journal proper

Accountancy

Is journal and journal proper both are same? If not please give me a example for journal proper. Thank you for your kind help.

Vijay K

CA Inter

★ 9K+

08-Jul-21 15:22

561

Answers (2)

Same

CA Suraj Lakhotia

Admin

08-Jul-21 15:22

Journal is a broad term while journal proper is narrow . When companies keep separate subsidiary books for recording of transaction then special transactions such as Bill dishonor , depreciation charged etc which can't be entered into other subsidiary books like cash book , purchase book, sales book etc are entered into Journal proper. While an entity which don't keep separate subsidiary books can record all the transaction in Journal

Harshita Kedia

CA Inter

★ 4K+

08-Jul-21 23:40