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JAMB Principles of Accounts 2011 Question 7

Question 7

Books of Original Entry

The major feature of a journal is that it has

  1. A.six columns, date, particulars, folio, amount, debit and credit
  2. B.five columns, date, particulars, folio, debit and credit
  3. C.three columns, date, particulars and folio
  4. D.four columns, date, particulars, folio and amount.
Show the answer and explanation

Answer: B (five columns, date, particulars, folio, debit and credit)

Explanation

The journal has columns for date, particulars, folio, debit amount and credit amount.