Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

Moe operates a trading business and keeps control accounts as part of double entry. The details below apply to November 2024.
(a)[5]

Prepare the sales ledger control account for November 2024. You do not need to include dates.

(b(i))[3]

Calculate the corrected total of balances in the sales ledger.

(b(ii))[5]

Calculate the revised sales ledger control account balance.

(c)[2]

State two separate advantages of preparing control accounts.

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