Post Utme Wellspring University 2017 Accounting Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2017 Accounting Objective / Multiple Choice
Question 20 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ACCOUNTING • objective

A company maintains a control account for its cash account. The control account shows a balance of ₦ 15,000. What is the purpose of the control account?

Answer Options

A. To record transactions in a chronological order
B. To record transactions in a classified order
Correct Answer C. To ensure that the cash account is properly controlled
D. To prepare a trial balance
Correct Answer
C
Correct Option:
To ensure that the cash account is properly controlled

About This Question

This is Post Utme Wellspring University 2017 Accounting Question 20. It is one of the objective questions from the 2017 Post Utme Wellspring University Accounting examination.

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