Form of Ledger and Method of Posting: Form of Ledger: One account usually occupies one page in the ledger. But if the account is big one it may extend to two or more pages. The pages of the ledger are vertically divided into two
Folio means to number the pages of consecutively. In accounting Folio is defined as the page number of ledger is recorded in ledger folio column of journal & page number of journal is recorded in journal folio column of ledger is known as folioing.