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O-LevelAccountingVerification of accounting records7707/13 · Oct/Nov 2021 · Q121 Mark

What is a reason for preparing a sales ledger control account?

Ato calculate total sales revenue
Bto ensure trade receivables pay on time
Cto help prepare the income statement
Dto summarise the accounts of the trade receivables

✓ Correct answer

D: to summarise the accounts of the trade receivables

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About this question

Topic
Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2021 Paper 1 Variant 3, question 12.

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