O-LevelAccountingSources and recording of data7707/12 · May/June 2014 · Q41 Mark

A trader divides his ledger into sales, purchases and general ledgers. Which statement is not correct?

AIt is easier to locate and refer to ledger accounts.

BMaintaining the ledger can be divided between several people.

CThe same type of accounts can be kept together.

DThere are fewer entries in the sales and purchases accounts.

✓ Correct answer

D: There are fewer entries in the sales and purchases accounts.

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Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2014 Paper 1 Variant 2, question 4.

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