1) In which ledger would the debtors control account be kept? a) Sales ledger  b) General ledger c) Nominal ledger d) Purchases ledger 2) Entries in control accounts are made from? a) Bank statement b) Books of original entry c) Ledger accounts d) Sales invoices 3) In which ledger would the creditors control account be kept? a) Sales ledger  b) General ledger c) Nominal ledger d) Purchases ledger 4) A control account for the purchases ledger is known as the ……….. a) Sales returns control account b) total creditors control account c) cash book control account d) purchases returns ledger control account 5) A control account for the sales ledger, known as the …………. a) total debtor’s control account b) General ledger control account c) Nominal ledger control account d) Purchases ledger control account 6) One of the advantages of control accounts is to ….. a) Check the petty cash voucher  b) Help stop fraud c) Check the balance sheet d) Check the trading account 7) A control account is a total account that checks the arithmetic accruing of ……. a) A petty cash b) General journal c) A suspense account d) A ledger 8) Control accounts are like a …………….. for each particular ledger. a) Receipt  b) Cheque c) trial balance d) cash book 9) The use of …………….. is technique used to quickly identify the section of the accounting records that has errors. a) Trading account b) Control accounts c) Basic accounting d) Finance accounting 10) For management control purpose, the balances on the control accounts can always be taken to equal the ……………………. at any point a) Cash and bank b) debtors and creditors c) debts and bad debts written off d) none of the above

CONTROL ACCOUNTS:- Explain Control accounts

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