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control account

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

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by AvatarJohn Moffat.
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  • September 14, 2018 at 5:06 pm #474600
    Avatarbadsha1988
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    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
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54837
    • ☆☆☆☆☆

    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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