Question

Answer in one sentence only :

Write the meaning of journal proper.

Answer 1

A Journal Proper is a book of original entry in which only those entries are recorded that cannot be recorded in the Special Journal. It is also termed as a General Journal. When the Journal is divided into various subsidiary books, it remains only a residuary book in which only those transactions are recorded that cannot be recorded in any other subsidiary book. In such a case, the Journal is called Journal Proper. For example, if machinery is purchased on credit, it can neither be recorded in the Cash Book or the Purchases Book because the Cash Book only records the cash transactions and the Purchases Book records the credit purchases of goods and not the purchase of an asset. Thus, this transaction will be recorded in the Journal Proper.