Post Utme Wellspring University 2020 Accounting Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2020 Accounting Objective / Multiple Choice
Question 40 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • ACCOUNTING • objective

In a self-balancing ledger, the control account is the account that is used to record the total of all the subsidiary accounts. What is the name of the control account used to record the total of all the asset accounts?

Answer Options

Correct Answer A. General Ledger
B. Asset Ledger
C. Liability Ledger
D. Equity Ledger
Correct Answer
A
Correct Option:
General Ledger

About This Question

This is Post Utme Wellspring University 2020 Accounting Question 40. It is one of the objective questions from the 2020 Post Utme Wellspring University Accounting examination.

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