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

Expand-------ACNS

1957

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Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex

2134

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WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT

2138

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how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000

2141

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Expand------------STRA

2119

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Paid office electricity charges Rs 15000/- and Ram partners residence electricity charges 1250 thr andhra bank cheque

1847

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how to do finalisation account ,pls tell me step by step ?

2547

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what is the cost and financial accounting? what is double entry system ?

2125

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what is composition vat

2395

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If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?

2053

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Expand-------NAST

2189

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Why it is necessary to use SAP in an industry? & What is the difference from other advance accounts software like Tally ERP 9? What is the importance of using GAAP for best management decission or why GAAP using by Top Management?

2079

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Whether setting up of diary plants comes under CMA under Farm Sector or Non Farm Sector

1787

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what is the meaning of Processing Vendor/Employee payments

2919

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MMT and MID payment how post in tally

1441

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