Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

Cheng is a sole trader who keeps control accounts.

(a)[4]

Explain two advantages to a business of keeping control accounts.

(b(i))[4]

Prepare a revised purchases ledger control account.

(b(ii))[2]

Prepare a revised sales ledger control account.

(c(i))[3]

Calculate the amended totals for the purchases ledger accounts.

(c(ii))[2]

Calculate the amended totals for the sales ledger accounts.

Worked solution & mark scheme

This 15-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Gives an arithmetical check of accuracy” …