O-LevelAccountingVerification of accounting records7707/11 · May/June 2023 · Q131 Mark

Which statement about a sales ledger control account is not correct?

AIt assists in the location of errors.

BIt helps to deter fraud.

CIt prevents debts becoming irrecoverable.

DIt provides a quick total of trade receivables.

✓ Correct answer

C: It prevents debts becoming irrecoverable.

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2023 Paper 1 Variant 1, question 13.

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