Post Utme Futo 2020 Accounting Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Futo Accounting examination.

Post Utme Futo 2020 Accounting Objective / Multiple Choice

Question 26 POST_UTME_FUTO • 2020 • ACCOUNTING • objective

In a self-balancing ledger, what is the purpose of the control account?

A. To record all transactions affecting the ledger

Correct Answer B. To provide a summary of the ledger's balances

C. To facilitate the preparation of the trial balance

D. To ensure the ledger is balanced at all times

Correct Answer

Correct Option:

To provide a summary of the ledger's balances

This is Post Utme Futo 2020 Accounting Question 26. It is one of the objective questions from the 2020 Post Utme Futo Accounting examination.

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