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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.

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Comments ( 1 )

  1. Muneer Khan
    Muneer Khan :
    4 years ago

    explain plz

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