Post Utme Esut 2018 Accounting Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Esut Accounting examination.

Post Utme Esut 2018 Accounting Objective / Multiple Choice

Question 16 POST_UTME_ESUT • 2018 • ACCOUNTING • objective

In a self-balancing ledger, the control account is used to record the total of all subsidiary accounts. What is the purpose of the control account?

Correct Answer A. To record the total of all subsidiary accounts

B. To record the total of all control accounts

C. To record the total of all assets

D. To record the total of all liabilities

Correct Answer

Correct Option:

To record the total of all subsidiary accounts

This is Post Utme Esut 2018 Accounting Question 16. It is one of the objective questions from the 2018 Post Utme Esut Accounting examination.

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