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
25,356,181 questions answered
Popular Conversations
What is sfumato?
5/28/2016 9:44:10 AM| 2 Answers
The main purpose of a budget is to
5/28/2016 9:20:36 PM| 2 Answers
An acceptance is complete and effective only when it has been- - ...
Weegy: An acceptance is complete and effective only when it has been communicated to the offerer.
5/28/2016 11:54:15 PM| 2 Answers
coercive
Weegy: The Coercive Acts were meant to reverse the trend of colonial resistance but actually provoked higher levels of ...
5/29/2016 3:19:03 AM| 2 Answers
Simplify -7 + [5 + (-12)÷3] -6 -34/3 -8
5/28/2016 1:03:54 AM| 1 Answers
Weegy Stuff
S
Points 709 [Total 709] Ratings 10 Comments 589 Invitations 2 Offline
S
Points 696 [Total 696] Ratings 13 Comments 566 Invitations 0 Offline
S
Points 643 [Total 643] Ratings 0 Comments 643 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 295 [Total 12547] Ratings 2 Comments 275 Invitations 0 Offline
S
L
P
P
P
Points 166 [Total 3543] Ratings 0 Comments 166 Invitations 0 Offline
S
Points 38 [Total 107] Ratings 0 Comments 38 Invitations 0 Offline
S
Points 12 [Total 12] Ratings 1 Comments 2 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
L
Points 7 [Total 4099] Ratings 0 Comments 7 Invitations 0 Offline
S
Points 6 [Total 6] Ratings 0 Comments 6 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.