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Question
Journal folio is term used in Ledger as a part of Ledger statement. It is the number at which our transaction is recorded in the journal.
Options
True
False
MCQ
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Solution
True
Explanation:
In a ledger, the Journal Folio (J.F.) column indicates the page number of the journal where the original transaction was first recorded. It helps in cross-referencing between the Journal and the Ledger, ensuring accuracy and easy tracing of entries.
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