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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Difference
What is essentially the difference between these two procedures.. ?
Agree the balance from the individual sales ledger accounts to the aged receivables’ listing and vice versa.
Match the total of the aged receivables’ listing to the sales ledgers control account.
To match,trace to,agree happen to be technical jargon used interchangebly.i would like to hear from him on this
There is no difference here. ‘Agree’ would usually be restricted to amounts whilst matching can be wider such as matching a sales orders to a despatch notes.