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Features of Incomplete Records

Narration is ...

Question

Narration is given along with journal entry _____________.

A

To signify the impact of entry on profitability

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B

To disclose the profit or loss of the transaction.

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C

To give a precise explanation

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D

To secretly understanding the inner meaning of entries

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Solution

The correct option is D To give a precise explanation
Narration in journal gives a precise information about the transaction.

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