Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

Which statement concerning control accounts is not correct?

  • AOnly cash book entries need to be checked to identify errors.
  • BThey help to identify where errors have been made.
  • CThey make the totals of trade receivables and trade payables more easy to obtain.
  • DThey reduce the possibility of fraud.

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