O-LevelAccountingVerification of accounting records7707/12 · Oct/Nov 2012 · Q171 Mark

Why is a sales ledger control account usually prepared by a more senior member of staff than the person who maintains the sales ledger?

Ato deter fraud

Bto locate errors

Cto provide an instant total of trade receivables

Dto speed production of financial statements

✓ Correct answer

A: to deter fraud

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2012 Paper 1 Variant 2, question 17.

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