Which of the following statements is true about a journal entry?
A) The Post.Ref.column is filled in prior to posting.
B) All credits are listed before any debits.
C) The name of the month should be repeated for each entry.
D) An explanation must follow each journal entry.

Question

Quizplus · Accepted Answer

An explanation must follow each journal entry to provide clarity on the transaction being recorded. The other statements are incorrect - the Post.Ref.column is filled in after posting, debits and credits can be listed in any order, and the name of the month only needs to be stated once at the top of the journal page.

Which of the Following Statements Is True About a Journal