Day 9. Reconciliation
E3. Control accounts and reconciliations
a) Understand the purpose of control accounts for accounts receivable and accounts payable.
b) Understand how control accounts relate to the double-entry system.
c) Prepare ledger control accounts from given information.
d) Perform control account reconciliations for accounts receivable and accounts payable.
e) Identify errors which would be highlighted by performing a control account reconciliation.
f) Identify and correct errors in control accounts and ledger accounts.
Introduction to control accounts: important entries
01Explanation11:08
Calculating trade and settlement discounts
02Explanation2:27
Sales tax and Discounts
03Explanation0:39
Discounts and Sales Tax: calculation
04Explanation2:54
Drawing up control accounts
05Explanation3:04
Drawing up RLCA
06Explanation2:59
Drawing up PLCA
07Explanation1:52
Reconciling control accounts 1
08Explanation5:19
Reconciling control accounts 2
09Explanation2:42
Mock exam 1 Q13
10Mock Exam1:15
Mock exam 1 Q14
11Mock Exam0:24
Mock exam 1 Q17
12Mock Exam0:54
Mock exam 1 Q19
13Mock Exam0:47
Mock exam 1 Q20
14Mock Exam1:40
Mock exam 1 Q34
15Mock Exam0:31
Mock exam 1 Q44
16Mock Exam0:35
Mock exam 1 Q46
17Mock Exam1:28
CBE Questions
Syllabus E3