Question

Explain the term journal and narration ​

Answer 1

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A short explanation of each transaction is written under each entry which is called narration. Narration is not required in ledger, whereas it is required in a Journal. It is the brief explanation that provides the details of Journal entry and helps understand the account debited or credited.

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Answer 2

For each transaction the names of the two concerned accounts indicating which is debited and which is credited, are clearly written into consecutive lines. This makes ledger - posting easy. That is why journal is called "assistant to ledger" or "subsidiary book". Narration is written below each entry.