JAMB Accounting 2021 Objective — Question 36
Question 36 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2021 Objective paper, with the correct answer and a full explanation.
Advertisement
36. The contra in control accounts is debited to _____ a. Total creditors control account b. Total debtors control accounts c. Profit and loss account d. Cash book
- A. Total creditors control accountCorrect
- B. Total debtors control accounts
- C. Profit and loss account
- D. Cash book
Explanation
In the total creditors control account, the contra entry is debited, while the corresponding entry is credited to the total debtors control account.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.