Accounting for IGCSE & O level - Accounting Procedures (Section 5 - No. 20)
Which of the following is an advantage of using control accounts?
They prevent errors in the underlying subsidiary ledgers.
They provide more detail than is needed for financial reporting.
They help to identify the missing ledger accounts.
They help identify accounting errors and the source of the errors.
Explanation
Control accounts are useful in that they help identify errors.
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