Accounting 9706 · AS & A Level · Analysis and communication of accounting information

Analysis and communication of accounting information — practice question

Which of the following statements is not correct?

  • AControl accounts reveal whether there are errors in sales and purchases ledgers.
  • BCredit balances in a sales ledger are trade receivables.
  • CDebit balances in a purchases ledger are current assets.
  • DA sales ledger control account includes irrecoverable debts.

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