Post Utme Futa 2023 Accounting Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Futa Accounting examination.

Post Utme Futa 2023 Accounting Objective / Multiple Choice
Question 36 POST_UTME_FUTA • 2023 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. To provide a summary of the total of all subsidiary accounts
B. To record the total of all transactions
C. To provide a detailed breakdown of all transactions
D. To record the total of all assets
Correct Answer
A
Correct Option:
To provide a summary of the total of all subsidiary accounts

About This Question

This is Post Utme Futa 2023 Accounting Question 36. It is one of the objective questions from the 2023 Post Utme Futa Accounting examination.

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