GENERAL JOURNAL CONTAINS

1K 7 0
                                    

Date - the date of the transaction is entered in this column, transactions are recordedin a systematic manner and chronological order. 

Account Titles and Explanation - this column contains the debit and the creditaccounts and a brief explanation of the entries. 

Folio - this contains the post reference number or the ledger page where the accountsare transferred.

Debit - contains the amounts debited. 

Credit - contains the amounts credited

Credit - contains the amounts credited

Oops! This image does not follow our content guidelines. To continue publishing, please remove it or upload a different image.
ABM (BASIC ACCOUNTING)Where stories live. Discover now