Which of the following is not an advantage of control acc...
Which of the following is not an advantage of control account?
difficulty in committing fraud
it can be used to detect missing figure C. helps to determine profit and loss
helps to determine profit and loss
helps in locating errors
Correct answer is A
The uses of control account are:
- location of errors
- prevention of fraud
- preparation of interim final account
- saves time
- easy detection of missing figures
Determine the year''s purchase from the following information relating to a firm. Total c...
The process of reconciling cheques between banks is termed cheque? ...
Given: Opening cash balance N20,000 Sales of match tickets N15,000 Clearing of pitch N1,200 Refr...
The sales ledger contains accounts of ...
In the balance sheet, the balance on the provision for Depreciation Account shown as ...
The prime cost is the total of the ...
Use the following information to answer the given question RECEIPTS AND PAYMENTS ACCOUNT: ...