WAEC - Accounts Principles Of Accounts (2012 - No. 33)

Which of the following is not the purpose of a control account?
check on errors of addition
locate errors
locate missing figures
monitor the cash book

Explanation

In accounting, the controlling account (also known as an adjustment or control account) is an account in the general ledger for which a corresponding subsidiary ledger has been created. 

The details for each control account will be found in a related (but separate) subsidiary ledger. The control account keeps the general ledger free of details, but still has the correct balance for preparing the company's financial statements.

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