Multiple choice

Folioing in accounts is used for

  1. maintaining the accounts correctly

  2. ready reference

  3. tallying the balance of cash book with the pass book

  4. none of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Folioing is used for ready reference. It is for seeing the ledger page in the ledger folio column and the page of the journal in the journal folio column of ledger, so that we can see the transaction recorded quickly.

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