A: A receivables control account ensures that there are no errors in the personal ledger.
B: A receivables control account help to locate errors in the trial balance.
C: A receivables control account provides a check on the arithmetical accuracy of the personal ledger.
D: Control accounts deter fraud.
举一反三
- Which of the following is NOT the purpose of a receivables control account? A: A receivables control account ensures that there are no errors in the personal ledger. B: A receivables control account help to locate errors in the trial balance. C: A receivables control account provides a check on the arithmetical accuracy of the personal ledger. D: Control accounts deter fraud.
- Which one of the following is not a purpose of a receivables ledger control account?
- The sales day book total has been undercast by $3,500. What adjustment needs to be made to reconcile the receivables control account to the receivables ledger? A: DR $3,500 to the receivables ledger B: CR $3,500 to the receivables control account C: CR $3,500 to the receivables ledger D: DR $3,500 to the receivables control account
- To which of the following is the receivables ledger control account reconciled? A: Aged receivables analysis B: Payables ledger C: Receivables ledger D: Cash book
- The balance on the receivables control account should be reconciled to which of the following? A: The sales day book B: The receivables ledger C: Invoices and remittance advices D: The cash book
内容
- 0
Personal accounts are contained in the _____. A: Note receivables ledger B: account receivables ledger C: account payables ledger D: Note payables ledger
- 1
- Which of the following is the balance b/d in the Trade Receivables Control Account A: €133,500 B: €136,000 C: €153,500 D: €152,500
- 2
Why is it important to reconcile the receivables control account to the receivables ledger on a regular basis? A: ii) and iii) only B: i) only C: ii) only D: i), ii) and iii)
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Which TWO of the following are credit entries in the receivables ledger control account? A: Cash paid to credit suppliers B: Discounts received C: Irrecoverable debts D: Sales returns from credit customers
- 4
Which of the following would not be found on the credit side of the receivables control account? A: Irrecoverable debts B: Sales C: Cash received D: Returns