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Control Accounts

Exam code: 7707
1 hours · 10 questions
11 mark

Which of the following is not a reason for preparing a monthly sales ledger control account?

  • A.

    checking each entry recorded in the trade receivables' accounts in the sales ledger

  • B.

    preventing and reducing fraud, as the control account and sales ledgers are prepared by different people

  • C.

    providing a summary of the trade receivables' transactions during the month

  • D.

    proving that the sales ledger entries are arithmetically correct

Choose your answer
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