Post Utme Summit University 2018 Accounting Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Summit University Accounting examination.

Post Utme Summit University 2018 Accounting Objective / Multiple Choice

Question 25 POST_UTME_SUMMIT_UNIVERSITY • 2018 • ACCOUNTING • objective

What is the purpose of a control account?

Answer Options

A. To record all transactions affecting a particular account

Correct Answer B. To provide a summary of all transactions affecting a particular account

C. To reconcile the balance of a particular account

D. To verify the accuracy of a particular account

Correct Answer

Correct Option:

To provide a summary of all transactions affecting a particular account

About This Question

This is Post Utme Summit University 2018 Accounting Question 25. It is one of the objective questions from the 2018 Post Utme Summit University Accounting examination.

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