Question

Ledger posting is not necessary for journal proper.

• A. True
• B. False

Answer 1

The correct option is B False

A journal proper is the residual book that records all the transactions that cannot be recorded in any other subsidiary book.

For example, if machinery is purchased on credit, it can neither be recorded in the cash book nor the purchase book.

The reason is that the cash book only records cash transactions and the purchase book records only credit purchase of goods and not the purchase of assets.

Therefore, purchase of machinery on credit will be recorded in the journal proper. Once the entry is recorded in the journal proper, it will be posted in the respective ledger accounts.