JAMB Accounting 2021 Objective — Question 2

Question 2 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2021 Objective paper, with the correct answer and a full explanation.

2. Control accounts are used to a. Check posting accuracy of ledger b. Control cash flows c. Check errors and fraud d. Ease accountant's work

A. Check posting accuracy of ledger
B. Control cash flows
C. Check errors and fraudCorrect
D. Ease accountant's work

Explanation

Control accounts are used to check errors and minimise fraud by providing an independent total to reconcile against individual ledger accounts.

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