PRC-1 · Chapter 2 · Question 28 of 100
What specific information is typically found in the 'folio' column of a day book or general journal?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) A cross-reference to the page or account number in the relevant ledger.
Explanation
The ledger folio (LF) column provides a vital cross-reference link between the book of prime entry and the specific account in the ledger where the transaction has subsequently been posted.
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