PRC-1 · Chapter 2 · Question 96 of 100
In a manual bookkeeping system, the 'Folio' column in a Cash Book helps a bookkeeper to do what?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Cross-reference the specific entry to the corresponding page in the general or personal ledgers.
Explanation
A Folio (LF - Ledger Folio) column acts as a mapping index, indicating exactly where the double-entry for that specific transaction has been posted in the ledgers.
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