Multiple Choice
Which of the following statements about control accounts is incorrect?
A) they provide summarised data.
B) they are included in the subsidiary ledger.
C) they apply the normal rules of debit and credit.
D) they are included in the trial balance.
Correct Answer:
Verified
Correct Answer:
Verified
Q38: The main reason for using control accounts
Q39: Which of the following is an automated
Q40: Internal controls established to provide general operational
Q41: Hodges Ltd uses a subsidiary ledger and
Q42: The limitations of internal control systems include:<br>A)
Q44: Which of the following would not normally
Q45: Which of these is not an advantage
Q46: Details of amounts owed by individual debtors
Q47: Data input for each computerised accounting module
Q48: Unauthorised access to a business's computer files