What is the difference between journal ledger and journal
proper?
- 1 Answers
- 10453 Views
- I also Faced
- E-Mail Answers
Answer Posted / prathamesh.k.patkar
Journal proper is book of original entry (simple journal) in which miscellaneous credit transactions which do not fit in any other books are recorded.
The use of journal proper is confined to record the following transactions:-
Opening entries
Closing entries
Transfer entries
Adjustment entries
Rectification entries
Entries for which there is no special journal
Entries for rare transactions
| Is This Answer Correct ? | 24 Yes | 7 No |
Post New Answer View All Answers
1) why rbi charges more interest rate in d form of repo while borrowing from commercial banks, and lends at a lower interest rate(reverse repo) to d commercial banks? 2) Do cooperative banks need to maintain policy rates with rbi? 3) why rbi does'nt pay any interest rate on CRR?
Which Exchange determine Foreign Exchange/Currency Rate?
Expand MNS
In IGATE, 2 yrs bond for fresher and reverent experience 1 year bond. First z essay writing. “Unforgettable movement ur life” Tiz in ITPL IGATE stopping
What part can management policy play in the analysis of cost behaviour?
What is corporate restructuring?
What is payment/receipt/period accruals?
EXPAND_________SEB
What is the Branch Accountant Responsbilities ?
what is sales life cycle???
what is Journal Entries?
What are the question asked for accounts associate
what are the content of purchase order?
how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax
What si the differance between REVENUE and PROFIT?
