Nigerian Scholars » Past Questions » Accounts » Joint Admissions and Matriculation Board (JAMB) Past Question

A general journal contains


Question

A general journal contains

Options

A) date, narration, folio, debit, and purchases

B) date, narration, folio, debit and purchase

C) folio, credit, date, debit and sales

D) debit, credit, narration, date and discount

Explanation:

The general journal is the master journal that all company transactions or journal entries are recorded in. A typical general journal has at least five columns: date, narration, folio, debit, and purchases.


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Dicussion (1)

  • The general journal is the master journal that all company transactions or journal entries are recorded in. A typical general journal has at least five columns: date, narration, folio, debit, and purchases.

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