The use of the folio in the ledger is for

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Accounts - Principles of Accounts JAMB 1994

The use of the folio in the ledger is for

  • referencing purposes checkmark
  • particulars of the transaction
  • the account titles
  • only credit items

The correct answer is: A

Explanation

The folio number is a way to reference a bookkeeping entry, most often numbered in chronological or sequential order. 

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