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POBC
Control account reconciliation
| Question | Answer |
|---|---|
| RLCA HIGHER THAN RL | An invoice was recorded correctly in the Sales Day book but was never posted in the individual customers account in Sales Ledger |
| RLCA HIGHER THAN RL | A batch total in the Sales Day book was overcast (totalled too high) before being posted to the RLCA |
| RLCA HIGHER THAN RL | A credit note or customer payment was recorded in the Sales Ledger but forgotten (Ommited)when updating the RLCA |
| RL HIGHER THAN RLCA | A customer payment (sales receipt) was recorded in the cash book and RLCA but not updated in the customer's individual account |
| RL HIGHER THAN RLCA | A contra entry (offsetting a sales and purchase balance) was recorded in the RLCA but not in the individual customer's account |
| RL HIGHER THAN RLCA | An invoice was posted twice to a customer's account in the sales ledger but only once in the Sales day book |
| RL HIGHER THAN RLCA | This means the customer accounts shows a higher total debt than the main control account |
| PLCA HIGHER THAN PL | This means the main control account shows you owe more than the individual supplier accounts suggest |
| PLCA HIGHER THAN PL | A purchase invoice was recorded in the Purchases Day book but the entry was missed in the individual supplier account |
| PLCA HIGHER THAN PL | A payment made to a supplier was recorded in the Purchase Ledger but not entered in the Cash Book or PLCA |
| PLCA HIGHER THAN PL | A Purchase return (credit note) was processed in the supplier's individual account but missed in the Purchase Returns Day book |
| PL HIGHER THAN PLCA | This means the individual supplier accounts show you owe more money than the master account reflects |
| PL HIGHER THAN PLCA | An invoice was posted correctly to the supplier's individual account but missed when totalling the Purchase Daybook |
| PL HIGHER THAN PLCA | A payment to a supplier was recorded in the Cash book and PLCA twice by mistake, while only being recorded once in the Purchase Ledger |
| PL HIGHER THAN PLCA | A discount received from a supplier was recorded in the PLCA but Ommited in the individual supplier's ledger |
| RLCA HIGHER THAN RL | This means the control account shows customers owe more than the individual customer accounts combined |
Created by:
user-2017606