Accounts Manager Interview Question:

What are the type of transactions entered in Journal proper?

Submitted by: Administrator

The Journal proper is used to record following transactions:
★ Opening Entries
★ Closing Entries
★ Transfer Entries
★ Adjustment Entries
★ Rectification Entries
★ Entries for rare transactions
★ Entries for which there is no special journal
Examples of such transactions are Distribution of goods as free sample, Goods destroyed by fire, etc
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