Journal proper: The transactions which are not recorded in the other subsidiary books, are recorded in one special subsidiary book which is known as Journal proper.
Explanation: When the business transactions are limited, only one book of account is to be prepared known as Journal. With the development of business, number of business transactions also increased considerably. In this situation, from one book of accounts to get all the information in time or whenever necessary, is not possible. Therefore subsidiary books are maintained in the business. Thus, the transactions which are not to be recorded in purchase book, sales book, purchase return book, sales return book, cash book, petty cash book, bills receivable book, bills payable book, that type of the transactions are recorded in one other subsidiary book which is known as Journal proper.
Format: Format of the journal proper is just like the format of journal, in which five columns are like this: Date, Particular, Ledger Folio (L. F.) Number, Debit Amount (₹), Credit Amount (₹).
Illustration : To commence a business, Sagar has brought furniture of ₹ 16,000 and stock of goods of ₹ 9,000 in the business on 1 – 4 -’19.
Utility: This book is useful for the limited types of transactions, e.g., (1) Opening journal entry of the year, (2) Transactions of inter-account transfer, (3) Closing entries, (4) Adjustment entries, (5) Rectification entries and (6) Transactions which are not included in other subsidiary books.
