Accountancy, asked by abdulkhanabdul4713, 10 months ago

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

Answered by letmeanswer12
6

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.

Answered by prajinajay13
3

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.

Similar questions