I have been asked to journalize accounts.There are 5 headings on the chart.Date, Particulars, P.R,...

Question

I have been asked to journalize accounts.There are 5 headings on the chart.Date, Particulars, P.R, Credit, Debit. what do i put under each heading?here is a transaction
Purchased
equipment on account for $2 000 plus GST of $120.

David · Accepted Answer

I have been asked to journalize accounts. There are 5 headings on the chart. Date, Particulars, P.R, Credit, 
Debit. what do i put under each heading? here is a transaction Purchased equipment on account for $2 000 
plus GST of $120.
Solution: 
In the P.R column, the account number of the respective account is entered at the time of posting to the 
ledger. If we assume the account nos.

I have been asked to journalize accounts.There are 5 headings on the chart.Date, Particulars, P.R, Credit, Debit. what do i put under each heading?here is a transaction Purchased equipment on account...

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