Page 201 - F3 -FA Integrated Workbook STUDENT 2018-19

Control account reconciliations

1.5 Technique to identify errors in control account reconciliations

The sequence to identify and correct errors in control account reconciliations is as
follows

Step 1  Rework the balance on the control
account.

 Check that all totals have been
Step 2 correctly transferred from the books of

prime entry to the control account.

 Recalculate the list of individual ledger

Step 3 account balances looking for extraction
and casting errors.

 Recalculate the columns of the books
Step 4 of prime entry.

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