Which of the Following Statements Is True About Control Accounts

question 22

Multiple Choice

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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