The standard format of Journal does not include which of the following?
A. Assets column
B. Date column
C. Description column
D. Amount column
Answer: Option A
Solution (By Examveda Team)
The standard format of Journal does not include Assets column. An asset purchased on account is not recorded in the purchase journal. But many are of opinion to record all credit transactions in multi-column purchase journal.This Question Belongs to Commerce >> Accounting
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