One of the advantages of control account is that

Accounts - Principles of Accounts WAEC 1992

One of the advantages of control account is that

  • all errors are localised tus reducing delays in balancing accounts checkmark
  • all erroes are generalized thus reducing delays in balancing accounts
  • book keepers cannot make mistakes
  • all errors are posted into the account
  • all cash transactions are posted into the accounts

The correct answer is: A

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