The use of the folio in the ledger is for
...The use of the folio in the ledger is for
Referencing purposes
Particulars of the transaction
The account titles
Only credit items
Correct answer is A
The folio number is a way to reference a bookkeeping entry, most often numbered in chronological or sequential order.
Which of the following is not a debit item in a partnership appropriation account? ...
The cost method of charging goods to branch is used where? ...
\(\begin{array}{c|c} \text{1/1/06 Debtors} & D2,600\\ \text{1/1/06 Provision for bad debts} &a...
Which of these is a capital expenditure warrant? ...
\(\begin{array}{c|c} & \text{1st Jan.} & \text{31st Dec.} \\ & ₦ & ₦ \\ creditor...
Calculate the cash balance after the discount. ...
Which of the following indicate that a partnership business is in place? (i) There is a busin...