Post Utme Bowen University 2022 Accounting Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2022 Accounting Objective / Multiple Choice

Question 21 POST_UTME_BOWEN_UNIVERSITY • 2022 • ACCOUNTING • objective

In a self-balancing ledger, the control account is the account that is used to record the total of all the subsidiary accounts. Which of the following is a characteristic of a control account?

Answer Options

Correct Answer A. It is a nominal account.

B. It is a real account.

C. It is a temporary account.

D. It is a permanent account.

Correct Answer

Correct Option:

It is a nominal account.

About This Question

This is Post Utme Bowen University 2022 Accounting Question 21. It is one of the objective questions from the 2022 Post Utme Bowen University Accounting examination.

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