O-LevelAccountingSources and recording of data7707/13 · Oct/Nov 2024 · Q131 Mark

What is an advantage of maintaining a purchases ledger control account?

AIt detects errors of omission.

BIt guarantees the accuracy of the ledgers.

CIt prevents fraud.

DIt shows how much is owed to suppliers.

✓ Correct answer

D: It shows how much is owed to suppliers.

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Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2024 Paper 1 Variant 3, question 13.

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