Post Utme Uniosun 2017 Accounting Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2017 Accounting Objective / Multiple Choice

Question 1 POST_UTME_UNIOSUN • 2017 • ACCOUNTING • objective

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

Answer Options

A. To record all transactions related to a specific account

Correct Answer B. To reconcile the balance of the ledger with the balance of the control account

C. To record all transactions related to a specific department

D. To reconcile the balance of the ledger with the balance of the bank statement

Correct Answer

Correct Option:

To reconcile the balance of the ledger with the balance of the control account

About This Question

This is Post Utme Uniosun 2017 Accounting Question 1. It is one of the objective questions from the 2017 Post Utme Uniosun Accounting examination.

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