Difference Between General Journal And Journal Proper
Note: General Journal is also called Journal Proper, Modern, Principal or simply a Journal. But most famous name is General Journal, especially in these days. So, there is no difference between General Journal And Journal Proper. So, Let's us Study About General Journal VS Special Journal.
Special Journal is designed to record specific types of transactions on routine daily basis. Since these types of Business Transactions occur on daily basis so it is better to record these types of transactions separately on a Special Journal or Book in order to present true and fair view of the accounting records.
General Journal is one in which
those business transactions are recorded which are taken place once or twice during the
accounting period.
Comments