Think for a moment about a computerised accounting system - that is, one where all the entries
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Think for a moment about a computerised accounting system - that is, one where all the entries are made on computer and the books are electronic documents. Can you think of any reason why the folio number in such cases would not represent a specific page in a ledger?
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This convention that the folio number represents a page in a ledger is ...View the full answer
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Related Book For 
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood
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