control account

This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.

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September 14, 2018 at 5:06 pm #474600
badsha1988
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Hi john,
in control account reconciliation example 2:
a) 1200 owing from Alex had been omitted from list balances

here you added in 1200 in list of balances but you did not add that amount in control account ,,we post total of list of balance to control account right ?? so control account will be less 1200 ,,,please explain …
September 15, 2018 at 10:28 am #474636
John Moffat
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We certainly do not ever post the total of the list of balances to the control account.

You need to watch my free lectures on Books of Prime Entry.
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