Journal Folio appears in :
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Journal Folio appears in Ledger Account.
- Journal Folio is a column appears in the format of ledger account. In this column, the page number of the Journal where the transaction was originally recorded is mentioned. It helps in locating the entry in the Journal. Again, in Journal the page number of the ledger where the account appears is written in the Ledger Folio Column.
MORE TO KNOW :
- Ledger is a book of account which contains a condensed and classified records of all transactions of the business posted from the journal.
- Ledger is called the book of final entry, since all transactions are ultimately recorded in the ledger.
- According to William Pickles, "A ledger is the most important book of account and is the destination of the entries made in subsidiary books."
- Ledger is called the King of all the books of account, because it is the book which alone can exhibit the position of each 'account head' in a convenient form.
- Ledger is generally maintained in the form of a bound register having special ruling in each page. First few pages of the ledger has ordinary horizontal ruling for indexing. Remaining pages are ruled like an account and is consecutively numbered.
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