The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> control accounts reconciliations- error
Post Info TOPIC: control accounts reconciliations- error
rafapak


Senior Member

Status: Offline
Posts: 396
Date:
control accounts reconciliations- error
Permalink Closed

hi guys

I would like to ask you for help . It has to do with comparing control accounts with subsidiary ledger accounts. 

one of the errors that might happen is this one :

Posting individual entries twice, affecting the subsidiary ledger.

 

Is this meant here that there are two same entries on one side and no entry at all on opposite side , for example two entries on debit side and no entry on credit side ?



__________________
Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
Permalink Closed

Hi Rafal
They usually suggest that if they give a question with an error and only comment on one half of the transaction that you can assume the other half is ok.

So in this case you may be able to assume that the SLCA (or PLCA) is correct, put it is just the subsidiary ledger that is incorrect.

But - not always, depends on the question itself and would need to see the specific question to comment for sure re the above.

Posting individual entries twice in this case would suggest that either an invoice or credit note has been posted twice to the actual customer or supplier account.


__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
rafapak


Senior Member

Status: Offline
Posts: 396
Date:
Permalink Closed

thanks Joanne for reply and explanation.

__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> control accounts reconciliations- error
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About