Features of the Ledger Account (i) The ledger account is divided into two sides – the left hand side is known as debit side while the right hand side is known as credit side. The abbreviations ‘Dr.’ and ‘Cr.’ are placed at the top left and right hand corners respectively as a custom. (ii) The name of account is written in the top middle of the account. (iii) J.F. denotes folio or page number on which its journal entry has been passed.

Features of the Ledger Account

(i) The ledger account is divided into two sides – the left hand side is known as debit side while the right hand side is known as credit side. The abbreviations ‘Dr.’ and ‘Cr.’ are placed at the top left and right hand corners respectively as a custom.

(ii) The name of account is written in the top middle of the account.

(iii) J.F. denotes folio or page number on which its journal entry has been passed.