A-LevelAccountingReconciliation and verification9706/12 · May/June 2023 · Q91 Mark
Which statements are benefits of control accounts? 1 They check the numerical accuracy of the ledgers. 2 They help to identify missing entries in books of prime entry. 3 They provide details of individual transactions. 4 They provide information for financial statements quickly.
A1 and 2
B1 and 4
C2 and 3
D2 and 4
✓ Correct answer
B: 1 and 4
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Reconciliation and verification and see which topics are most likely to come up next.
Sign up free →