Question

Distinguish between special journal and general journal.

Answer 1

The difference between special journal and general journal are

$\begin{array}{cc}\text{Special Journal (Subsidiary Books)}& \text{General Journal(Journal Proper)}\\ \text{It records transactions of similar nature e.g., purchase}& \text{It does not record transactions of a similar nature.}\\ \text{book records only credit purchase}& \\ \text{It is in the form of a statement.}& \text{It is in the form of a journal.}\\ \text{A business unit may not have a special journal.}& \text{Business unit must have a journal proper.}\\ \text{Each transaction is not recorded in the ledger}& \text{Each transaction is recorded in the ledger separately.}\\ \text{separately}& \\ \text{A mistake in the journal proper is not recitified by a}& \text{A mistake in the special journal is recitified by the}\\ \text{special journal}& \text{journal proper.}\end{array}$