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The standard format of Journal does not include which of the...

This question belongs to Commerce Accounting
Accounting
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The standard format of Journal does not include which of the following?

Answer & Solution
Correct Answer: Option A
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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2 Comments
Hãbtê Ørjãl
Hãbtê Ørjãl 5 years ago
10q that's Good answer
Muneer Khan
Muneer Khan 8 years ago
explain plz
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