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WAEC Financial Accounting 2013 Question 16

Question 16

Control Accounts

An advantage of control account is

  1. A.locating figures.
  2. B.adding figures.
  3. C.changing figures.
  4. D.locating errors.
Show the answer and explanation

Answer: D (locating errors.)

Explanation

A control account shows whether a particular ledger balances, which helps to locate errors quickly.