Which One of the Following Is a Control Account

question 134

Multiple Choice

Which one of the following is a control account?

• A)Utilities Expense
• B)Factory Wages Payable
• C)Manufacturing Overhead
• D)Cost of Goods Sold

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Definitions:

Mutual Fund Shares

Units of ownership in a mutual fund, offering investors a proportionate stake in the fund's portfolio and its income.

Debt Securities

Bonds; also called fixed-income securities.

Life Insurance Reserves

Financial reserves set aside by life insurance companies to ensure they can meet future policyholder obligations.

Pension Reserves

Pension reserves are funds that are set aside by employers or governments to support future pension benefits for their employees or citizens.