JAMB Accounting 2018 Objective — Question 15
Question 15 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2018 Objective paper, with the correct answer and a full explanation.
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The control account is used in facilitating
- A. the location of errorsCorrect
- B. up to date bank transactions
- C. the payment of debts and liabilities of the firm
- D. assets distribution with respect to income
Explanation
Control accounts assist in minimising fraud and easy location of errors in the ledger.
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