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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