The standard format of Journal does not include which of the following? Options: A . &nbspAssets column B . &nbspDate column C . &nbspDescription column D . &nbspAmount column

The standard format of Journal does not include which of the following?

Question

The standard format of Journal does not include which of the following?

Options:

A . Assets column

B . Date column

C . Description column

D . Amount column

Answer: Option A
The standard format of Journal does not include Assets column. An asset purchased on account is not recorded in the purchase journal. But many are of opinion to record all credit transactions in multi-column purchase journal.

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