Ledger reconciliation…
13 September 2012
This article deals with the Sales Ledger Control Account and reconciliation with the Subsidiary Ledger Accounts.
Trainee accounting technicians preparing for assessment in Unit 3, Preparing Ledger Balances and Initial Trial Balance need to develop competence in reconciling control accounts with the total of the balances in the subsidiary ledger see: element 3.2 performance criteria (C).
This short paper will focus on the sales ledger control and its reconciliation to the subsidiary...