Control Accounts and Self-balancing Ledgers - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 51:

• JAMB 2018

The control account is used in facilitating?

A. The various location of errors in the various accounts
B. Up to date bank transactions
C. The payment of debts and liabilities of the firm
D. Assets distribution with respect to income

Question 52:

• JAMB 2019

Which of these will not appear in the preparation of control account.
I. Bad debts
II. Discounts
III. Returns
IV. Provision for bad debts

A. I only
B. II and III
C. I and III only
D. IV only

Question 53:

• JAMB 2021

Which of the following is a debit item in the purchase ledger control account?

A. Balance b/d
B. Cheque dishonoured
C. Balance c/d
D. Purchases