Unit-10 Other Subsidiary Books

In this unit, we intend to take up the remaining books.

What is a Journal Proper? List the transactions recorded in the Journal Proper.

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Learning Pundits Content Team

Written on Jun 25, 2019 3:31:59 PM

There are a number of transactions which do not occur frequently and hence do not warrant preparation of special journals. But they have to be recorded somewhere. For them the proper place is the original journal itself, which is now called 'Journal Proper'. Thus all events and transactions which cannot be recorded in any of the special journals maintained by the Firm, shall be recorded in the Journal Proper. Examples of such transactions are:

  1. Opening Entry
  2. Closing Entries
  3. Transfer Entries
  4. Adjustment Entries
  5. Rectification Entries
  6. Miscellaneous Entries

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