What is recorded in a journal proper?

Asked by Topperlearning User | 11th Jul, 2016, 04:49: PM

Expert Answer:

Journal proper records the transactions which cannot be recorded in any other subsidiary book such as cash book, purchases book, purchases return book, sales book, sales return book, bills receivable book and bills payable book.

For example, credit purchases of fixed assets, goods distributed as free sample, credit sales of fixed assets and depreciation on fixed assets.

Answered by  | 11th Jul, 2016, 06:49: PM