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What is the difference between journal ledger and journal
proper?
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Answer / 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
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The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
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