Accounting Quiz or Test Your Accounting Knowledge on Control or Total Accounts

July 24th, 2010 Comments off
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Refresh or test your accounting knowledge on Control or Total Accounts

QUESTIONS:1.0  What is a control account? —->> refer article

2.0  What ledger entries are made from the discounts allowed column in the cash book?

3.0   Give three examples of typical entries on the credit side of a debtors control account  —–>> refer article

4.0   List three reasons why control accounts should be maintained.

—->> refer article




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