JAMB - Accounts Principles Of Accounts (2025 - No. 58)
An example of a self-balancing account is the
control account
creditors account
suspense account
debtors account
Explanation
A self-balancing account is one whose balance agrees with the total of the related subsidiary ledger. Control accounts (like Sales Ledger Control Account or Purchases Ledger Control Account) are designed for this purpose.
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