Is narration important?

IPCC 4534 views 12 replies

frenz as u know we hv to write journal entries in variuos questions of accounting paper.my question is it important to write narration.would I lose marks if I dont write them

 

I know its small matter,but I think narration takes a lot of time which is unnecessary in my view

Replies (12)
Must write narration.. It is neccessary.. But u cn write an unclear one.. In a hurry.. No need to spend time thinking what to write for narration
Narration means explanation about journal entry. So it is must.

narration gives additional information regarding journal entry ,so narration is must.

Writing narration is must...

Dear Sourabh,

 

                                I am amazed with such a strange question you got,

As of my bookish as well the practical knowledge NO Accounting standard or accounting policy has stated that narration is mandatory..........

and many of the accountants including CA's are stating such an opinion which even Luca pacioli in the first book of accounting Summa de arithmetica, geometria, proportioni et proportionalità narration is compulsory

according to him he just said that the transaction can be explained with the help of narration.

But how ever as per the commercial as per the exam practices it is made like narration will be considered sooooo as of my opinion narration fetches you the information as per practical stituation and marks as per exams

 

 

thanks guys,will practice it now

you can say narration is details of jurnal entry or source of amount 

 

you can say narration is details of jurnal entry or source of amount 

 

 Narration is details of jurnal entry or source of amount 

 

Yes brother naration is important in practical aspect. In case theorical aspacts Naration shows clearity of basic concepts. Hence therefore in case theorical aspact is imporant also.

 

Ok Brother

thanks guys,will practice it now

Dear Sourabh

narrartion is must as it indicates which journal you have passed. if u are geeting prob in  writing d same u can use question's language.

All d Best.

 

 


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