Post Utme Madonna University 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2020 Accounting Objective / Multiple Choice
Question 38 POST_UTME_MADONNA_UNIVERSITY • 2020 • 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 in a manufacturing company?

Answer Options

A. To record the total of all raw materials purchased
B. To record the total of all finished goods sold
C. To record the total of all direct labor costs
Correct Answer D. To ensure that the total of all subsidiary accounts is equal to the total of the control account
Correct Answer
D
Correct Option:
To ensure that the total of all subsidiary accounts is equal to the total of the control account

About This Question

This is Post Utme Madonna University 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Madonna University Accounting examination.

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