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JAMB Principles of Accounts 2013 Question 19

Question 19

Control Accounts

The total cash and cheques received from customers in a control account is derived from the

  1. A.purchases day book.
  2. B.cash book.
  3. C.income and expenditure account.
  4. D.sales journal.
Show the answer and explanation

Answer: B (cash book.)

Explanation

Money received from customers is recorded in the cash book, which supplies this total.