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A-LevelAccountingReconciliation and verification9706/12 · Oct/Nov 2017 · Q51 Mark

Why does a business keep a sales ledger control account? 1 It helps deter fraud. 2 It helps with the preparation of financial statements. 3 It identifies doubtful debt easily. 4 It predicts the sales for the coming year.

A1 and 2
B1 and 3
C2 and 3
D2 and 4

✓ Correct answer

A: 1 and 2

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About this question

Topic
Reconciliation and verification, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source
A-Level Accounting, Oct/Nov 2017 Paper 1 Variant 2, question 5.

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