O-LevelAccountingSources and recording of dataOct/Nov 2024Paper 1 Q61 Mark
What is an advantage to a business of maintaining books of prime entry?
Atrial balance can be extracted directly from books of prime entry.
BSimilar transactions are listed together in date order for reference.
CThere is no need to make double entries in the ledger.
DTrade receivables and trade payables totals are readily available.
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The correct answer is B. This question tests the candidate's understanding of sources and recording of data within the Accountingsyllabus. The examiner's mark scheme requires...
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