Post Utme Redeemers University 2018 Accounting Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2018 Accounting Objective / Multiple Choice
Question 29 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the control account system. What is the primary purpose of the control account?

Answer Options

Correct Answer A. To record the total of the subsidiary accounts
B. To recognize the profit or loss of the company
C. To allocate the ownership percentage of the partners
D. To account for the withdrawal of the partners
Correct Answer
A
Correct Option:
To record the total of the subsidiary accounts

About This Question

This is Post Utme Redeemers University 2018 Accounting Question 29. It is one of the objective questions from the 2018 Post Utme Redeemers University Accounting examination.

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