CBSE · Class 11 · Accountancy · Recording of Transactions - IAn explanatory note given below every journal entry is called:
Step-by-Step Solution
Narration is the brief explanation given at the bottom of every journal entry to describe the nature of the transaction.
Detailed Options Breakdown
Option : Heading
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - I.
Option 1: Narration (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Memo
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - I.
Option 3: Caption
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - I.
💡 Study Guide: This question tests core syllabus concepts from Recording of Transactions - I. For formulas, key summaries, and mock exam reference guides, read the full Recording of Transactions - I Revision Notes.