Question

A) Answer in One Sentence:
1)What is Journal ?
2)What is Narration ?
3)What is GST?
4) In which year GST was imposed by the Central Government of India?
5) What is meant by simple entry?
6)What is the meaning of combined entry?
7) Which account is debited, when rent is paid by Debit card ?
8)Which discount is not recorded in the books of account?
5) In which order monthly transactions are recorded in a Journal ?
10) Which account is credited, when goods are sold on credit ?
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Answer 1

Answer:

what is GST

goods and services tax is an (Indirect tax) imposed in( India) on the supply of goods and services .It is a comprehensive multistag, destination based tax:

Answer 2

Answer:

1.) Journal is a book of primary entry or a book of original entry in which transactions are first recorded in chronological order

2.) Narration is the explanation of the transaction below the entry

3.) GST is goods services tax which is charged on various goods in different percent

4.) 2014

5.) The accounting entry with only one account debited and only one account credited

6.) The entry which have two or more accounts debited or credited

7.) Rent A/c is debited

8.) Trade discount is not recorded in books of account

9.) Chronological order

10.) Sales A/c is credited when goods are sold on credit

Hope it will help you!

Thank you!