Page 203 - F3 -FA Integrated Workbook STUDENT 2018-19

Control account reconciliations

Example 1 cont.

Solution

Make individual adjustments to the ledger control account balance and/or
total of ledger account balances as required for each item.

Trade receivables’ ledger control account
$ $

Balance b/f: 128,545 Correction of total mis- 90
posted from SDB

Irrecoverable debt 240
written off

Contra with PLCA 1,000
Revised balance c/f: 127,215
——–— ——–—

128,545 128,545
——–— ——–—

$

Adjustments to total of trade receivables’ ledger account
balances

Total per original list 127,036
Credit balance listed as debit (2 × $128) (256)

Account balance omitted 435
————

Revised total 127,215
————

Illustrations and further practice

Now try question TYU 2 and TYU 3 from Chapter 14 of the Study Text.

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