⟩ What are the type of transactions entered in Journal proper?
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