Control accounts help to verify the arithmetic accuracy of the postings from the?
Answer Details
Control accounts are used to verify the accuracy of the postings made in the accounting system. They are called control accounts because they help to control the accuracy of the transactions recorded in the subsidiary books and ledgers.
Control accounts are maintained in the general ledger and are used to summarize the transactions related to a particular type of account, such as accounts receivable or accounts payable. These accounts are reconciled with the corresponding subsidiary ledgers to ensure that the information is accurate and complete.
In the case of verifying the arithmetic accuracy of postings, control accounts are particularly useful for reconciling the subsidiary books with the ledgers. By comparing the balances in the subsidiary ledger with the balance in the control account, any errors or omissions can be identified and corrected.
Therefore, the correct option is "subsidiary books into the ledgers".