What is the difference between journal ledger and journal
proper?
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
Is This Answer Correct ? | 24 Yes | 7 No |
Expand---------PSRT
What is meant by Capital Loss
what is MIGO and MIRO ?
Choose the correct answer: In case of assesses other than companies, the following is advance tax rate to be payable on or before of 15th September on the current fringe benefits. (1) 15 per cent; (2) 30 per cent; (3) 45 per cent; (4) 60 per cent.
what is Journal Entries?
what is the difference between tally9.0 and tally9.1 version
Expand ------UPCC
Expand------CCEA
Rs. 23.50 ( Rupes twenty three & paise fifty only) what is euro Conversion?
what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?
Explain valuation methods of Normal and Abnormal loss
Expand---------SBDC