Question

What is journal Folio(L.F.)

Answer 1

Journal folio is term used in ledgers as a part of ledger statement and is shown as a column on both the debit and credit sides. it's the number at which your transaction is recorded in the journal.

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Answer 2

Explanation:

Ledger Folio , abbreviated as L.F., is a column in the journal where in the page number of the ledger book on which the relevant account appears is recorded. In the journal, this column is filled up at the time of posting and not at the time of making journal entry.