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An example of a self-balancing account is the

Accounts - Principles of Accounts
JAMB 2025

An example of a self-balancing account is the

  • A. control account
  • B. creditors account
  • C. suspense account
  • D. debtors account
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Correct Answer: Option A
Explanation

A self-balancing account is one whose balance agrees with the total of the related subsidiary ledger. Control accounts (like Sales Ledger Control Account or Purchases Ledger Control Account) are designed for this purpose.

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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts