Accounting for IGCSE & O level - Accounting Procedures (Section 16 - No. 25)
Which of the following is an advantage of using control accounts?
They show individual transactions.
They allow quick identification of errors.
They eliminate the need for a trial balance.
They are not used for any type of reconciliation.
Explanation
Control accounts summarize totals for easy error checking and verification of the accuracy of the subsidiary ledgers.
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