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O-LevelAccountingVerification of accounting records7707/12 · Oct/Nov 2024 · Q121 Mark

What is an advantage of preparing a monthly sales ledger control account?

AIt is necessary to prepare the income statement.
BIt helps to reduce the possibility of fraud .
CIt provides a check on the accuracy of trade payables' accounts.
DIt shows the total of the cash sales and credit sales.

✓ Correct answer

B: It helps to reduce the possibility of fraud .

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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 2024 Paper 1 Variant 2, question 12.

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