1
Question
What do you understand by ledger folio?
What do you understand by ledger folio?
Open in App
Solution
When transactions are posted from journal to ledger, they are posted at the different page, just to get the reference of that page number in ledger where the transaction has been posted. Ledger Folio (LF) is mentioned against the journal entry.
When transactions are posted from journal to ledger, they are posted at the different page, just to get the reference of that page number in ledger where the transaction has been posted. Ledger Folio (LF) is mentioned against the journal entry.
Suggest Corrections
2
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
