what is ledger folio
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Ledger folio is a column in journal, which shows the reference to the page number; in the ledger; where that transaction can be verified from. In other words, against every transaction recorded in the journal, we write its page number in the ledger, for reference. This is done in a column, called ledger folio.
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A ledger is a book or collection of accounts in which account transactions are recorded. Each account has an opening or carry-forward balance, would record transactions as either a debit or credit in separate columns and the ending or closing balance.
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