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Review the statements below and choose the one that correctly describes a control account. Multiple choice question. A control account is updated at the end
Review the statements below and choose the one that correctly describes a control account.
Multiple choice question.
A control account is updated at the end of an accounting period to reflect the net change in all equity accounts.
A control account is a separate account that is a detailed record of a general ledger account.
A control account appears in a subsidiary ledger and is supported by a general ledger account.
A control account appears in the general ledger and is supported by a subsidiary ledger.
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