Which of the following statements about control accounts is incorrect? Select one: a. they are included in the trial balance. O b. they are included in the subsidiary ledger c. they apply the normal rules of debit and credit. d. they provide summarised data. A system of internal control is described as: Select one: a. all of these options. b. including aspects of administrative controls and accounting controls. c. all procedures adopted by an entity to control its activities and protect its assets. d. all measures used by a business to promote the reliability of accounting data. Which of the following transactions would be recorded in the cash payments journal? Select one: a. Payment of telephone account b. Purchase of goods on credit c. Rent accrued at the end of the accounting period O d. Personal expenses paid from owner's private cheque book Which of the following would not normally use a subsidiary ledger and control account system Select one: a. Trade creditors b. Plant and equipment c. Mortgage d. Accounts receivable