A-LevelAccountingControl AccountsFeb/Mar 2025Paper 1 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
The correct answer is A. 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...
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