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Difference

This topic has 2 replies, 3 voices, and was last updated 10 years ago by Ken Garrett.

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August 29, 2015 at 5:09 pm #269052
anu1234
Member
- Topics: 78
- Replies: 65
What is essentially the difference between these two procedures.. ?
Agree the balance from the individual sales ledger accounts to the aged receivables’ listing and vice versa.
Match the total of the aged receivables’ listing to the sales ledgers control account.
August 29, 2015 at 7:02 pm #269060
tinaboy
Member
- Topics: 27
- Replies: 126
To match,trace to,agree happen to be technical jargon used interchangebly.i would like to hear from him on this
August 31, 2015 at 3:29 pm #269306
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10607
There is no difference here. ‘Agree’ would usually be restricted to amounts whilst matching can be wider such as matching a sales orders to a despatch notes.
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