Which statements identify the advantages of using a purchases ledger control account as part of
the accounting system?
1 Compensating errors within the purchases ledger can be found more easily.
2 Errors of commission within the purchases ledger will be detected.
3 The honesty of staff working on the accounts of trade payables is checked.
4 The total amount owing to trade payables can be ascertained quickly.
1 )
1, 2 and 3
2 )
2, 3 and 4
3 )
2 and 4 only
3 and 4 only
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