Accounting 0452 · IGCSE · Control accounts

Control accounts — practice question

What is not a purpose of preparing a monthly sales ledger control account?

  • Ato carry out a check of each entry recorded in the trade receivables’ accounts in the sales ledger
  • Bto reduce fraud as the control account is completed by someone who has not been involved in writing up the sales ledger
  • Cto prove that the entries made in the sales ledger are arithmetically correct
  • Dto provide a summary of the trade receivables’ transactions during the month

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