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WAEC Financial Accounting 2001 Question 12

Question 12

Control Accounts

In which ledger is the Control Account prepared?

  1. A.Nominal ledger
  2. B.General ledger
  3. C.Sales ledger
  4. D.Purchases ledger.
Show the answer and explanation

Answer: B (General ledger)

Explanation

Control accounts are kept in the general ledger to check the sales and purchases ledgers.