Question on: JAMB Accounting - 2022
The use of the folio in the ledger is for
A
referencing purposes
B
particulars of the transaction
C
the account titles
D
only credit items
Ask EduPadi AI for a detailed answer
Correct Option: A
The folio in the ledger is used for referencing purposes. It helps in cross-referencing between the ledger and the journal, making it easier to track transactions and locate specific entries.
Add your answer
Please share this, thanks!
No responses