What is the purpose of posting J.F numbers that are entered in the journal at the time
entries are posted to the accounts.
Answers
The purpose of posting Journal Folio (J.F) numbers
Explanation:
The Journal Folio (J.F.) number is the number entered in the ledger when the entries are listed to their respective accounts. This helps to decide if all transactions are posted in their accounts correctly.
The purpose of entering J.F. number in the ledger is as below:
- J.F number helps locate the Journal entry and subsidiary book position in the journal book.
- J.F. number in accounts assures that recording in the books of initial entry has been posted or not.
Answer:The purpose of posting Journal Folio (J.F) number
The Journal Folio (J.F.) number is the number entered in the ledger when the entries are listed to their respective accounts. This helps to decide if all transactions are posted in their accounts correctly.
Explanation:
The purpose of entering J.F. number in the ledger is as below:
1. J.F number helps locate the Journal entry and subsidiary book position in the journal book.
2. J.F. number in accounts assures that recording in the books of initial entry has been posted or not.