Which of the following is not an advantage of using a control account?
A)A control account provides a check and balance on the postings from the subsidiary records.
B)A control account contributes to internal control by allowing a different person to keep the control account than the person making the more detailed posting.
C)Balances from the control account are readily available.
D)Agreement between the control account and the ledger account guarantees accuracy in the ledger account.

Question

Quizplus · Accepted Answer

This statement is not accurate as agreement between the control account and the ledger account does not guarantee accuracy in the ledger account. Other control measures and reconciliations should be used to ensure the accuracy of the ledger account. A, B, and C are all advantages of using a control account.

Which of the Following Is Not an Advantage of Using