A-LevelAccountingReconciliation and verification9706/12 · May/June 2024 · Q61 Mark
Which statement describes a limitation of reconciliation and verification procedures?
ASometimes a sales ledger control account balance does not agree with the total of sales ledger account balances.
BErrors of commission could be present in the books of account.
CBank transactions may be missing from the bank column in the cash book.
DThe totals shown in the trial balance do not always agree.
✓ Correct answer
B: Errors of commission could be present in the books of account.
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