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JAMB Principles of Accounts 2002 Question 14

Question 14

Books of Original Entry

The concise statement used to explain entries in the general journal is known as

  1. A.narration
  2. B.summary
  3. C.information
  4. D.commentary.
Show the answer and explanation

Answer: A (narration)

Explanation

Each journal entry is followed by a short explanation called the narration.