O-LevelAccountingVerification of accounting records7707/11 · Oct/Nov 2019 · Q161 Mark
What are advantages of maintaining control accounts? 1 They act as a deterrent against fraud as they provide an independent check. 2 They ensure all errors are discovered in the purchases and sales ledgers. 3 They provide totals of trade payables and trade receivables.
A1 and 2 only
B1 and 3 only
C1, 2 and 3
D2 and 3 only
✓ Correct answer
B: 1 and 3 only
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