Question 22
Control AccountsThe control account can be used in
- A.recording all the business transactions of the enterprise
- B.keeping records of all direct deposits in the bank account
- C.monitoring the books of original entry
- D.monitoring the efficiency of bookkeeping by accountants.
Show the answer and explanation
Answer: D (monitoring the efficiency of bookkeeping by accountants.)
Explanation
Control accounts check the accuracy of the ledger clerks' work, so they monitor how well the books are kept.