Multiple choice

Directions: Choose the correct option for the given question:

Control accounts are maintained in

  1. financing ledger

  2. production ledger

  3. marketing ledger

  4. cost ledger

  5. any of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Control accounts are specialized accounts used in cost accounting to summarize the details of various cost ledgers. They ensure that the cost ledger remains in balance with the general financial ledger.

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