Which statements identify the advantages of using a purchases ledger control account as part of the accounting system? 1 Compensating errors within the purchases ledger can be found more easily. 2 Errors of commission within the purchases ledger will be detected. 3 The honesty of staff working on the accounts of trade payables is checked. 4 The total amount owing to trade payables can be ascertained quickly.
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of control accounts within the Accountingsyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep