A-LevelAccountingReconciliation and verification9706/12 · Feb/Mar 2025 · Q111 Mark
Which statement is not correct about the benefit to a business of maintaining control accounts?
Aensures that all types of errors can be detected
Bhelps in the preparation of financial statements
Cprovides immediate totals of trade receivables and trade payables
Dreduces risk of fraud as jobs are performed by different staff members
✓ Correct answer
A: ensures that all types of errors can be detected
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