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The major feature of a journal is that it has

Accounts - Principles of Accounts
JAMB 2020

The major feature of a journal is that it has

  • A. five columns, date, particulars, folio, debit and credit
  • B. three columns, date, particulars, folio and amount
  • C. Six columns, date. particulars, folio, amount debit and credit
  • D. four columns, date, particulars, folio and amount
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Correct Answer: Option A
Explanation

A typical journal entry usually has four columns: the date of the transaction, the particulars, and columns for the debits and credits.

Sometimes, the folio column can be included, but is it not a compulsory requirement.


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