Distinction between Special Journal and General Journal




#DistinctionbetweenSpecialJournalandGeneralJournal

Basis

Special Journal (Subsidiary Books)

General Journal (Journal Proper)

1. Nature of Transactions Recorded

It records transactions of similar nature, e.g., Purchases Book records only credit purchases.

It does not record transactions of a similar nature.

2. Format

It is in the form of a statement.

It is in the form of a Journal.

3. Need

A business unit may not have a Special Journal.

A business unit must have a Journal Proper.

4. Posting

Each transaction is not recorded in the Ledger separately.

Each transaction is recorded in the Ledger separately.

5. Rectification

A mistake in the Journal Proper is not rectified by a Special Journal.

A mistake in Special Journal is rectified by the Journal Proper.




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