A-LevelAccountingControl Accounts and ReconciliationMay/June 2016Paper 1 Q51 Mark
Which statement about the sales ledger control account is correct?
AIt is to verify the total of the customers' account balances in the sales ledger.
BIt is used to calculate the gross profit on sales.
CIt is used to calculate the total sales for the year.
DIt is used to reconcile the cash received from customers with the bank statement.
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of control accounts and reconciliation 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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