Question

Define :
(I) Journal
(ii) Journalising
(iii) Narration
(iv) Compound Entry​

Answer 1

Answer:

Narration: A short explanation of each transaction is written under each entry which is called narration. ... Besides this, if there be any mistake in determining debit or credit aspect of a transaction, it can be easily detected from narration. "A journal entry is not complete without narration".

Explanation:

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