JAMB Accounts Principles of Accounts 2011 Paper

Concept:A journal records each transaction under five main columns.Explanation:The standard journal format includes:Date — when the transaction occurredParticulars — accounts debited and creditedFolio — ledger referenceDebit amount — amount entered on the debit sideCredit amount — amount entered on the credit sideThus, a journal has five columns: date, particulars, folio, debit and credit.Answer:Option B: five columns, date, particulars, folio, debit and credit