passwella.
Menu

JAMB Principles of Accounts 2009 Question 23

Question 23

Control Accounts

Apart from the common control accounts, a control account can also be opened for

  1. A.sales account
  2. B.purchases account
  3. C.cash account
  4. D.wages account
Show the answer and explanation

Answer: C (cash account)

Explanation

Besides the sales and purchases ledger controls, a cash control account can be kept to check the cash records.