Accounting JAMB

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

(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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