Accounting 0452 · IGCSE · Control accounts

Control accounts — practice question

Which of the following statements about a purchases ledger control account is not correct?

  • AIt acts as a check on the balance of the purchases account.
  • BIt includes transactions relating to all the credit suppliers.
  • CIt is prepared using information from the books of prime entry.
  • DIt provides proof of the arithmetical accuracy of the purchases ledger.

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI