Future Business Leaders of America (FBLA) Accounting Practice Test

What is the name of the column in a journal that is headed with an account title?

1. General Amount Column

2. Journal Amount Column

3. Entry Column

4. Details Column

The correct answer is: General Amount Column

The correct answer is the column in a journal that is headed with an account title, often referred to as the Details Column. This column is essential because it provides a description of the transaction being recorded, including the specific account titles affected. The Details Column allows accountants and bookkeepers to clarify the nature of the transaction, making it easier to understand the impact on the company’s financial statements. Understanding the purpose of this column is crucial in the accounting cycle, as accurately describing each transaction ensures transparency and accuracy in financial reporting. This level of detail contributes to the larger accounting system by linking individualized entries to broader financial records. In contrast, the other options refer to different aspects of a journal. The General Amount Column typically contains figures representing monetary values without further details. The Journal Amount Column suggests a focus solely on amounts rather than the associated accounts or descriptions. Lastly, the Entry Column does not specifically denote account titles but can refer to the entire section where the transaction is logged. Each of these plays a different role, but none specifically reflect the purpose of identifying accounts like the Details Column does.