Hi,
is it necessary to write narrations along with journal entries in the examination , where there is no mention for narrations in the question itself?
Takes much precious time explaining every entry...
Menu
Write narrations with journal entries?
Replies (5)
yes it is good to write narrations I suggest you to read examiner s comments here they mention and may be u got your answer
Thank you both of you :)
A short explanation of each transaction is written under each entry which is called narration. The subject matter of the transaction can be ascertained through narration. Besides this, if there be any mistake in determining debit or credit aspect of a transaction, it can be easily detected from narration. "A journal entry is not complete without narration".
Yes writting narration in short shows your command over the subject...particularily over that particular quetion in exam...It adds to the presentation...and like Rama ji said a journal entry is incomplete without the narration. They are forming part of your answer and also an essential part. You just have to right in short the explanation of the transaction for which you have passed the entry!!!
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
