Which of the following are among the uses of control accounts?

By: |Published on: Dec 5|Categories: Accounting JAMB| 0 comments

(i) Facilitating the preparation of final accounts
(ii) Making the existence of error easy to detect
(iii) Checking the accuracy of positions periodically.

A. i, ii and iii
B. i and iii
C. ii and iii
D. i and ii

Correct Answer:

Option C – ii and iii

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