Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

Which statement is not correct about the advantage to a business of keeping control accounts?

  • Aensures that all types of errors can be detected
  • Bhelps in the preparation of financial statements
  • Cprovides immediate totals of trade receivables and trade payables
  • Dreduces risk of fraud as jobs are performed by different staff members

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