Question

Select the correct answer from each drop-down menu.

What are the five main columns of a journal?
The five main columns of a journal are date, account, (company's name, explanation, vendor's name)
, PR, (customer's names, debit, company's name)
, and credit.

Answer 1

The five main columns of a journal entry are date, account title, explanation, debit, and credit.

Step-by-step explanation:

The five main columns of a journal entry in accounting are date, account title, explanation, debit, and credit. The correct answers for the drop-down menus in your query would be:

• Date
• Account Title
• Explanation
• PR (Posting Reference)
• Debit
• Credit

An explanation column is used to describe the nature of the transaction. The PR column stands for posting reference and is used to indicate the ledger page number where the entry is posted. The debit and credit columns are used to record the dollar amounts for each transaction affecting the accounts.