All 25 Control Accounts questions
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What is the normal balance of the sales and purchases ledger control accounts? What is the difference between the SLCA and PLCA in one line each? Why are control accounts prepared by someone other than the ledger clerk? What entries appear in the sales ledger control account? How does a control account help detect errors? What is a control account reconciliation? Why is a control account a form of internal control? What is the effect of a discount allowed on the control accounts? How is a bad debt written off reflected in the sales ledger control account? How do dishonoured cheques appear in the sales ledger control account?
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What entries appear in the purchases ledger control account?

Intermediate

Answer

Credits: opening creditors, credit purchases, and interest charged by suppliers. Debits: payments to suppliers, discounts received, purchases returns, and contras/set-offs. The balancing figure is the closing creditors total.
PLCA:
  Cr: Opening bal, Credit purchases
  Dr: Payments, Discounts received, Returns, Contra
  Balance c/d = closing creditors
Real-world example The payables control account is credited with supplier invoices and debited with payments and discounts received.

Common follow-ups: What goes on the credit side? | Where do purchases returns appear?

Sales & Purchase Ledgers Cash Book & Petty Cash Control Accounts
All 25 Control Accounts questions