Other Entries

e) Other Entries:

         

            The transactions which should not occur in the journal are recorded in the journal proper. Some of them are as under:

v Goods taken from the business by the proprietor for his personal use.

v Goods lost due to theft, fire accident etc.,

v Goods sent on consignment for sale purpose.

v Interest on capital, interest on drawings, provision for doubtful debts, Provision for depreciation etc..,