Offer your thoughts or opinion on the input financial query or topic using your financial background.

What is the field “Folio” in an accounting book for? 
It's used as a reference column:  In journals folio coloumn is used to mention the reference or   “address” of ledger in which the journal entry has been posted thus   giving an easy access and also easily understanding whether all the   entries has been posted in the relevant accounts or not.