Sourabh (Student) (360 Points)
14 June 2012frenz as u know we hv to write journal entries in variuos questions of accounting paper.my question is it important to write narration.would I lose marks if I dont write them
I know its small matter,but I think narration takes a lot of time which is unnecessary in my view
Vibhor Nanda
(CA student)
(59 Points)
Replied 14 June 2012
Raviteja
(Articleship)
(165 Points)
Replied 14 June 2012
abbili nagaraju
(CA Final Articleship)
(88 Points)
Replied 14 June 2012
narration gives additional information regarding journal entry ,so narration is must.
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 14 June 2012
Dear Sourabh,
I am amazed with such a strange question you got,
As of my bookish as well the practical knowledge NO Accounting standard or accounting policy has stated that narration is mandatory..........
and many of the accountants including CA's are stating such an opinion which even Luca pacioli in the first book of accounting Summa de arithmetica, geometria, proportioni et proportionalità narration is compulsory
according to him he just said that the transaction can be explained with the help of narration.
But how ever as per the commercial as per the exam practices it is made like narration will be considered sooooo as of my opinion narration fetches you the information as per practical stituation and marks as per exams
RajeshKumarJha
(Assistant Accountant)
(25 Points)
Replied 14 June 2012
you can say narration is details of jurnal entry or source of amount
RajeshKumarJha
(Assistant Accountant)
(25 Points)
Replied 14 June 2012
you can say narration is details of jurnal entry or source of amount
RajeshKumarJha
(Assistant Accountant)
(25 Points)
Replied 14 June 2012
Narration is details of jurnal entry or source of amount
YATISH GUPTA
(practice)
(177 Points)
Replied 14 June 2012
Yes brother naration is important in practical aspect. In case theorical aspacts Naration shows clearity of basic concepts. Hence therefore in case theorical aspact is imporant also.
Ok Brother
CAclubindia
