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goji.go goji.go
wrote...
Posts: 5977
9 years ago
Which of the following statements is true about control accounts?
      a.   control accounts are used to control amounts spent during the year
      b.   control account totals must equal the total of the individual subsidiary accounts
      c.   control accounts are used to limit the amounts of liabilities incurred during the year
      d.   control accounts avoid the need for making postings to ledgers.
 
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3 Replies
Diesel
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Answer accepted by topic starter
f_zah1f_zah1
wrote...
Top Poster
Posts: 10774
9 years ago
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goji.go Author
wrote...
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
9 years ago
You're very welcome!
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