Accounting for IGCSE & O level - Accounting Procedures (Section 15 - No. 48)

How does a sales ledger control account assist in detecting fraud?

By showing the total cash sales for the period.

By providing a detailed list of each customer transaction.

By independently verifying the accuracy of the individual customer accounts.

By recording the total amount of purchases.

The sales ledger control account helps to verify the accuracy of the individual customer accounts to detect discrepancies.