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JAMB Principles of Accounts 2002 Question 43

Question 43

Control Accounts

Control accounts help to verify the arithmetic accuracy of the postings from the

  1. A.subsidiary books into the trial balance
  2. B.ledgers into the trial balance
  3. C.journals into the ledgers
  4. D.subsidiary books into the ledgers.
Show the answer and explanation

Answer: D (subsidiary books into the ledgers.)

Explanation

Control account totals come from the books of original entry and are compared with the ledger balances, checking postings into the ledgers.