Question: Maintaining control accounts involves cross-checking the balances recorded in the subsidiary ledgers against the corresponding control accounts in the general ledger. Complete the table to

Maintaining control accounts involves cross-checking the balances recorded in the subsidiary ledgers against the corresponding control accounts in the general ledger.

 Complete the table to explain the listed advantages of maintaining control accounts:

Advantages

Response

Enhanced error detection

 

Strengthened internal controls

 

Streamlined trial balance preparation

 

Simplified final accounts preparation

 

Improved staff accountability

 

(Approximate word count: 100 - 150 words).

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