Question and answer
five advantages of control account
The principal advantage of using control accounts is to reduce the need to deal with many sales, or purchase ledger balances to a single sales, or purchase ledger balance. [ This way interim and final accounts can be drawn up more quickly. A second advantage is that the control account balances can be used as a check on the accuracy of individual ledger account postings, especially if the
control accounts are posted by a different book-keeper to the one who posts the individual sales and purchase ledger accounts. This is usually the case in large companies. It is unlikely that the same posting errors will be made by both clerks. Thirdly, subdividing a ledger means errors are easier to find because each division is self-contained in double entry terms. Fourthly, fraud is made more difficult. Illegal transfers of money are more likely to be noticed if a different clerk deals with each side of the dual postings. Read more: ]
Expert answered|mayihelpyou?|Points 220|
Question
Asked 5/31/2012 3:36:29 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
I luv u angalins
Weegy: That is really sweet that you love angalins, do you have a question for Weegy, maybe you can love us too! (wink) (More)
Question
Expert Answered
Asked 5/30/2012 8:53:32 AM
0 Answers/Comments
When is unical 2012 post ume coming up
Weegy: No date announced online. Please contact UniCal to get updated information. [smile] (More)
Question
Expert Answered
Asked 5/30/2012 1:46:03 PM
0 Answers/Comments
Compare and contrast the roles of pokuwa and korama in the woman in her prime
Weegy: Pokuwaa is the main character in A Woman in Her Prime. The story centers on a domestic drama that can be stated simply: Pokuwaa would like a child, but her prayers have not been answered. [ [ [ [ ] ] ] ] (More)
Question
Expert Answered
Asked 5/31/2012 3:39:16 AM
0 Answers/Comments
18,417,076 questions answered
Popular Conversations
If and has sides that are 5 times greater than those of , what is ...
Weegy: Solution: C = 2pi(r) 15.7 = 2(3.14)r 15.7 = 6.28r 2.5 = r A = pi(r^2) = 3.14(2.5)^2 = 3.14(6.25) = 19.625 ...
11/22/2014 2:32:51 PM| 3 Answers
. What is the value of 4 cubed? A. 24 B. 43 C. 64 ...
Weegy: The answer is C. 125,000,000 User: What is the value of 324? A. 1,048,576 B. 18 C. 128 D. ...
11/22/2014 4:52:09 PM| 3 Answers
It rained yesterday and is supposed to be sunny today. This is an ...
Weegy: It is an example of B) climate. User: In Hawaii, you can almost always expect 80°F temperatures and daily ...
11/23/2014 3:21:11 AM| 3 Answers
Who is the prime minister of India?
Weegy: Manmohan Singh is the 13th and current Prime Minister of India. User: National flower of India?
11/22/2014 1:28:06 AM| 2 Answers
One of the major advantages of VANs is cost. True or False
Weegy: What is false? Do you have a question for Weegy? User: True or False One of the major advantages of VANs is ...
11/22/2014 2:06:05 AM| 2 Answers
293.55 is 51.5% of what number?
11/22/2014 3:36:30 AM| 2 Answers
When purchasing merchandise for resale for cash, record the ...
Weegy: User: When purchasing merchandise for resale for cash, record the transaction in the Answer: Business documents ...
11/22/2014 6:52:09 AM| 2 Answers
The _____ is the smallest interval in Western music. half ...
Weegy: In Western music, intervals are most commonly differences between notes of a diatonic scale. User: Which types ...
11/22/2014 9:44:17 AM| 2 Answers
Which of the following best describes the advantage of having data ...
Weegy: a. The number of digits that can be included within the data best describes the advantage of having data ...
11/22/2014 11:03:31 AM| 2 Answers
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
L
P
C
1
Points 2381 [Total 14092]| Ratings 10| Comments 2281| Invitations 0|Offline
S
L
Points 1294 [Total 3580]| Ratings 0| Comments 1294| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 718 [Total 14092]| Ratings 0| Comments 718| Invitations 0|Offline
S
L
Points 707 [Total 1228]| Ratings 6| Comments 647| Invitations 0|Offline
S
Points 504 [Total 536]| Ratings 1| Comments 494| Invitations 0|Offline
S
1
L
L
Points 222 [Total 6616]| Ratings 0| Comments 222| Invitations 0|Online
S
L
Points 150 [Total 1446]| Ratings 3| Comments 120| Invitations 0|Offline
S
Points 50 [Total 50]| Ratings 0| Comments 0| Invitations 5|Offline
S
Points 46 [Total 46]| Ratings 3| Comments 6| Invitations 1|Offline
S
Points 40 [Total 40]| Ratings 4| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.