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Receipts and Payments Account

What is the p...

Question

What is the page number of ledger called?

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Solution

Journal is the original record of the business transactions. All entries from the journal are posted in the ledger accounts. Page number of a ledger account is known as Ledger Folio.
The page number or folio number of the ledger account where the posting has been made from the journal is recorded in the L.F. column of the Journal.

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