All 25 Control Accounts questions
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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? What is teeming and lading and how do control accounts help detect it? How is refund to a customer shown in the sales ledger control account? How is a contra/set-off recorded in the control accounts? How do you prepare a sales ledger control account from incomplete information? How would an overstatement of the sales day book affect the control account reconciliation? How do you prepare a purchases ledger control account to find missing credit purchases? How does an omitted discount received affect the PLCA reconciliation? How does a contra entry affect both control accounts and the reconciliations?
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Bookkeeping › Control Accounts

Which errors affect the control account and which affect the list of balances?

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Answer

Errors in day book totals or in posting totals to the control account affect the control account (e.g., overcast sales day book, discount omitted from the control account). Errors in posting individual items to personal accounts, or in adding up the list, affect the list of balances (e.g., invoice posted to the wrong or no customer, balance miscast). Each is corrected on its respective side.
Real-world example An overcast sales day book overstates the control account, while a customer balance omitted understates the list.

Common follow-ups: Where do casting errors in the day book land? | How is a mis-posted individual invoice classified?

Correcting Errors Trial Balance Control Accounts
All 25 Control Accounts questions