A-LevelAccountingReconciliation and verification9706/12 · May/June 2024 · Q91 Mark

Which statements describe the benefits of preparing control accounts? 1 assists in detection of fraud 2 assists in finding errors of original entry 3 assists in finding transposition errors 4 assists in preparation of financial statements

A1, 2 and 3

B1, 2 and 4

C1, 3 and 4

D2, 3 and 4

✓ Correct answer

C: 1, 3 and 4

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Topic: Reconciliation and verification, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2024 Paper 1 Variant 2, question 9.

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