A-LevelAccountingReconciliation and verification9706/12 · May/June 2022 · Q51 Mark
Why does a business maintain sales and purchases ledger control accounts as part of the double entry accounting system? 1 It allows a trial balance to be prepared easily from the nominal ledger. 2 It can involve separate employees which makes fraud more difficult. 3 There is no need to keep sales and purchases journals. 4 There is no need to reconcile with personal accounts for customers and suppliers.
A1 and 2 only
B1, 2 and 3
C1, 3 and 4
D2, 3 and 4
✓ Correct answer
A: 1 and 2 only
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