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O-LevelAccountingVerification of accounting records7707/12 · May/June 2015 · Q161 Mark

Why does a trader prepare a sales ledger control account?

Ato determine when interest should be charged on overdue accounts
Bto identify bad debts which should be written off
Cto locate incorrect postings in the sales ledger
Dto obtain totals to enter in the books of prime (original) entry

✓ Correct answer

C: to locate incorrect postings in the sales ledger

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About this question

Topic
Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2015 Paper 1 Variant 2, question 16.

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