JAMB Accounting 2011 Objective — Question 21
Question 21 of 49 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2011 Objective paper, with the correct answer and a full explanation.
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The control account can be used in
- A. A. recording all the business transactions of the enterprise
- B. B. keeping records of all direct deposits in the bank account
- C. C. monitoring the books of original entryCorrect
- D. D. monitoring the efficiency of book keeping by accountants
Explanation
A control account is used to minimize fraud and check for accuracy - it monitors the books of original entry.
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