Which of the following statements relating to a Control account is correct?
(i) A Control account is always written up on a memorandum basis
(ii) A Control account may be part of the double-entry system or outside it
(iii) If a Control account is maintained the individual customers’ accounts need not be
(iv) Customers’ accounts may be written up on a double-entry basis or outside it

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a i, ii & iv Se b ii, iii & iv ii & iv diii & iv C