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Payable ledger control account

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Payable ledger control account

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
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  • January 31, 2022 at 1:44 pm #647810
    nelvaa
    Participant
    • Topics: 3
    • Replies: 10
    • ☆

    What is different between payables ledger control accounts and payables ledger

    February 1, 2022 at 7:52 am #647872
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54835
    • ☆☆☆☆☆

    The payables ledger control account is showing the total payables and is part of the double entry.

    The payables ledger contains accounts for each individual supplier and shows how much is owed to each supplier, and is not part of the double entry.

    This is all explained in my free lectures on Books of Prime Entry.

    The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.

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