Accounting MascotAccounting Q&A

What is the ledger folio column of a journal used for?
submitted by Neha

maybedont

The ledger folio column is like a cross-referencing tool. It indicates where you find a corresponding account in the ledger where the transaction has been posted. It makes it easier to track and verify entries during the posting process.

imnotyelling

The ledger folio is like a shortcut that tells you where to find an entry in the ledger. It usually has a page number or some sort of reference so you can find the account where the journal entry has been recorded. It helps keep everything organized!

Phreb

It's like a table of contents to help you find specific entries.

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