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Which of the following is recorded in the folio column of the journal?

Accounts - Principles of Accounts
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
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Correct Answer: Option A
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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