Grab the Exact Knowledge for General Journal from Subject Matter Experts
Accounting is an important subject. A student needs to understand the various factors related to it. General Journal is an important part of this study. To acquire the perfect knowledge, you will get assignments from your college. Each assignment covers some particular parts. So, you must write all answers in a proper way. If you are unable to understand everything in a proper way, then take our assistance of Journal Proper or General Journal assignment help services. A student needs to click on 24x7assignmenthelp.com.
What is the right meaning of Journal Proper or General Journal?
General Journal or Journal Proper is the section in accounting in which bookkeeping is done in the form of credit and debit. A date is an important field in its format. It is also important that the credited amount must be equal to the debited amount and if this does not tally with the format of the journal, then the general journal entry is not correct. There is no classification in this.
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How general journal is different from other form?
Other than General journal, there is another type known as Special journal. When any record needs the transaction related to purchases, sales, purchases return and sales return, then the records added in Special Journal. But, in case there is any other type record that does not come under this category, then it gets added in the journal Proper or general journal by default. For example assets related transaction can come under general journal.
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What are the different examples related to general journal entries?
To understand the proper meaning you must go through a few examples and if you understand these examples, then it will be very easy for you to make entries in a proper way. These are –
- Interest income and expense of a company
- Asset sales of a company
- Stock sales
- Depreciation
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