WAEC Accounting 2012 Objective — Question 40
Question 40 of 50 from the West African Examinations Council (WAEC) Accounting 2012 Objective paper, with the correct answer and a full explanation.
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Which of the following is not the purpose of control account?
- A. Check on errors of addition
- B. Locate errorsCorrect
- C. Locate missing figures
- D. Monitor the cash book
Explanation
Control account is used to check fraud; thus, it is used to locate errors that might have occurred as a result if fraud.
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