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Control Account ( Part 1)

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Deyians! Do your BEST. Each correct answer gives you a chance of winning this game!

Created Date 03.03.20
Last Updated 03.03.20
Viewed 5 Times
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Topics of this game:
  • What is the purpose of Control Accounts
  • The balance on the business' Trade Payables Control Account at the end of a year should be the same as ....
  • The balance on the business' Trade Receivables Control account at the end of a year should be the same as...
  • What does the closing balance of Trade Payables Control Account represent?
  • Name the ledger that Trade Receivable Mary is found.
  • Name the journal that credit purchases in the trade payable control account is obtained from.
  • Which of the following transaction would NOT be recorded in the trade receivables control account?
  • Which of the following will be recorded in the DEBIT column of the Trade Receivables Control Account?
  • Which of the following transactions would not be recorded in the trade payables control account?