Accounting for IGCSE & O level - Accounting Procedures (Section 17 - No. 2)
What is the primary purpose of a control account?
To track individual customer transactions.
To verify the arithmetical accuracy of the subsidiary ledgers.
To record all cash transactions.
To provide a detailed breakdown of sales figures.
Explicació
Control accounts are used to check the arithmetical accuracy of the sales ledger and purchase ledgers.