Question Tag: Summary Accounts

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  • 1 Marks

MI – May 2022 – L1 – SA – Q6 – Control Accounts

Identifying the summary account used for recording totals of transactions.

A summary account, where entries are made from the totals of transactions for a period, is called:

A. Cost ledgers
B. Control accounts
C. Costing profit or loss accounts
D. Overhead accounts
E. Interlocking accounts

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  • 1 Marks

MI – May 2022 – L1 – SA – Q6 – Control Accounts

Identifying the summary account used for recording totals of transactions.

A summary account, where entries are made from the totals of transactions for a period, is called:

A. Cost ledgers
B. Control accounts
C. Costing profit or loss accounts
D. Overhead accounts
E. Interlocking accounts

Login or create a free account to see answers

Login
Register

Find Related Questions by Tags, levels, etc.

Report an error
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You're reporting an error for "MI – May 2022 – L1 – SA – Q6 – Control Accounts"

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