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1 Which of the following accounting items may have control accounts in the nominal ledger?
(i) Receivables and payables
(ii) Inventories
(iii) Cash
(iv) Salaries and wages
A (i) and (ii)
B (i), (ii) and (iv)
C (i), (ii) and (iii)
D (i), (ii), (iii) and (iv)
the answer is D.
this is BPP question.
we r stdying receivables and payable control accounts. similarly other accounts really do have control accounts?- Topics: 0
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but dont you think that the point 2, 3 & 4 comes in both payable and receivable control a/c, as cash, salaries/wages are both kinda paid and received. What you think?
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