Accounting for IGCSE & O level - Accounting Procedures (Section 1 - No. 20)
Control accounts are used to:
Check the arithmetical accuracy of the sales ledger and the purchase ledger.
To prepare the trial balance.
To check the debtors and creditors.
To calculate profit and loss.
Explanation
Control accounts are used to check the arithmetical accuracy of the sales ledger and the purchase ledger.
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