Which of the following is recorded in the folio column of the journal?

JAMB Accounting 2023 69 views

Which of the following is recorded in the folio column of the journal?

  1. all credit and cash sales transactions
  2. amount of money posted
  3. date of entries
  4. particulars of transactions ✓

Explanation

The folio column shows the ledger page reference where each account is posted. It helps trace transactions from journal to ledger. “Particulars” refers to transaction details and references.

Transaction types go in description column. Amounts go in debit/credit columns. Dates go in date column. The folio is specifically for cross-reference numbers.

Think of folio as a map reference showing where to find the full account details.

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