Which of the following transactions are not recorded in journal proper?

(A) Record opening balance of liability of last year

(B) Depreciation charged on machinery

(C) Endorsement and dishonour of bills of exchange

(D) Goods of 50,000 is purchased on credit

(E) Cheque deposited in bank

Choose the correct answer from the options given below.

(D) & (E) only

The correct answer is option 3- (D) & (E) only.

(A) Record opening balance of liability of last year- Recorded in journal proper as it is an opening entry.

(B) Depreciation charged on machinery- Recorded in journal proper as it is an adjustment entry.

(C) Endorsement and dishonour of bills of exchange- Recorded in journal proper as it does not fit in other subsidiary book.

(D) Goods of 50,000 is purchased on credit- Recorded in purchases book as goods are purchased on credit.

(E) Cheque deposited in bank- Recorded in cash book as bank balance affects.