CAT / FIA FFA Syllabus E. Preparing A Trial Balance - Control account reconciliation - Notes ^{4 / 5}

Both the receivables and payables control accounts should be balanced regularly and the balance agreed to the sum of the balances on the memorandum ledgers, the receivables ledger and the payables ledger respectively.

Therefore, if the balances in the receivables/payables ledgers are added up, they should agree to the RLCA/PLCA balances. If not, an error must have occurred at the same point in the system.