The control account will calculate sales from appropreite sales and purchases

Uses of control accounts are to check errors

Check accuracy

Check balances for traila and financial statement

Also while internal check for separation of book keeping

They must compare totals on payables and reciebales control account account with rcieves in the
personnel ledger account

Detach accuracy

Location of errors

Totals for trail balance and stamen of financial position or latsly

\unternal check where thers separation of responsibilbitues

Sometimes the control accounts and recievabes accounts do not agree for resosns such as which they
need to be balamced regurgarly to avoid fraud and lastly errors

Reasons why they may not agree is fr

Resosns why the control account balances

might not agree to the memorandum
accounts balances
Because the wrong amount was posted to
control account because of a miscast in the
memorandum books of prime entery
And there for a journal entry be made in the
general account
Journal entry in general ledger to correct
the errorthere might be ann error of
transportation\
An error in the memorandum leger of
missing a transaction must be doubes in the
control account
\and single posting in the individual
balanecs
Balances from memeorndum ledger might
be incorrect
Balances from memorandum ledger are
wrong or miscast
The control account reconciallitaion can be
done by
Correcting balances from the memorandum
ledger accounts of course
Overcast or cast
No balance in reciavables ledger which shall
be added
Transportation
Incorrect amount

How to reconcile the control account

Balance from leger
Plus reconcile difference added

Plus the issing multiplied

Plus it added to the overcast the lest from
the upwards