A written explanation below each journal entry is known as:

Details

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Entry

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Narration

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Additional Data

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Solution

The correct option is C
Narration

A written explanation below each journal entry is known as Narration.

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Similar questions


S. No.	Particulars		L.F.	Amount Dr. (₹)	Amount Cr. (₹)
(i)		Dr.
		Dr.
	To
	(Goods of the list price of ₹ 5,000 sold at 10% trade discount and 2% cash discount)

(ii)
	(The purchase of Motor Car for ₹ 80,000 and the payment of ₹ 5,000 as repairs charges on it. Entire payment is made by cheque)

(iii)	Chaturvedi’s	Dr.		5,000
	To Cash A/c
	To
	(Chaturvedi’s account settled, cash discount three percent)

(iv)	Bank A/c	Dr.
		Dr.
	To				8,400
	(70 paise per rupee received from the estate of Ashok on his insolvency)

(v)		Dr.		3,000
	To				3,000
	(For goods used by proprietor for personal use)

(vi)		Dr.		2,000
	To				2,000
	(For Rent due to landlord)

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