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Control Accounts

This topic has 2 replies, 2 voices, and was last updated 8 years ago by John Moffat.

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January 19, 2016 at 7:07 pm #296403
Abror
Member
- Topics: 75
- Replies: 38
Hi Mr John…The personal account of Mahmood was under cast by $90…I couldn’t get it…
What’s the meaning of undercast and what is it to do with this topic…Thank you…
January 19, 2016 at 7:13 pm #296404
Abror
Member
- Topics: 75
- Replies: 38
The second question: Joe’s balance of (debit) $780 had been omitted from the list of balances..(The topic is related to receivable ledger control account)…Does it cause any errors? Thanks.
January 20, 2016 at 8:11 am #296511
John Moffat
Keymaster
- Topics: 57
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Undercast means underadded. If it has been underadded then the balance will be wrong.
If a balance has been omitted from the list of balances, then the total of the list of balances will be wrong.
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