Which of the following is recorded in the folio column of the journal?
FINANCIAL
JAMB 2023
Which of the following is recorded in the folio column of the journal?
- A. particulars of transactions
- B. date of entries
- C. all credit and cash sales transactions
- D. amount of money posted
Correct Answer: A. particulars of transactions
Explanation
The folio shows the page of a ledger to which a transactions is posted. It also helps in identifying where the transaction is recorded in ledger.
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