facts about control account
Authored by Eryna Marissa
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2nd Grade
Used 2+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is control account?
a record of all the transactions that happen in the business
One where a business invest huge capital to possess certain assets
a journal recording all of the transactions of a business
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of this is the uses/purpose of control account
to locate the error in individual/personal account
identifying errors in the bank statement
to locate the errors in the transaction
to identity the errors in cash book
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Control account have ______ types
three
four
five
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which one is the type of control account?
sales account
office equipment account
sales ledger control account
purchase account
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
What transaction are related with trade receivable?
(a)
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
What discount is used in purchase ledger control account?
(a)
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Control account is not part of double entry system but (a) account
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