- This topic has 3 replies, 2 voices, and was last updated 6 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
Please correct me if my understanding is wrong
So there’s a balance in a control a/c and the personal ledgers.
A miscalculation of the total of the Day books will only affect the control account,whereas a transposition error in the Day books will affect both the control account and the personal ledger balance.
Is this correct sir?
What error only affects the personal ledger balances?
What you have written is correct.
An example of an error that only affects the personal ledger balances is the correct figure having been entered in the day book, but copied incorrectly into the personal ledger.
Viewing 4 posts - 1 through 4 (of 4 total)
- The topic ‘Control account reconciliation’ is closed to new replies.