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Another name for control accounts is

Accounts - Principles of Accounts
JAMB 2023

Another name for control accounts is

  • A. total account
  • B. purchases ledger
  • C. creditors' account
  • D. debtors' account
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Correct Answer: Option A
Explanation

Contrl account is also known as self balancing ledger of total control account.

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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now