How To Reconcile A Sales Ledger Control Account
Reconciliation Process Of A Sales Ledger Control Account With Subsidiary Sales Ledger Accounts
A Sales Control Ledger Account is reconciled when its closing balance is equal to the total of balances of Sales Subsidiary Ledger Accounts. If there is any difference between these two Types of Ledgers, then there is a need to check these Accounts in order to reconcile these Kinds of Accounts.
Example, Suppose a Company XYZ is a trading company selling clothes to customers. On 1st September, 2019, the company sold 2 pieces of clothes worth Rs. 5000 to Mr. A on credit. On 2nd September, 2019, it sold 5 pieces of clothes to Mr. B for Rs. 10000 on account. On the next day i.e., 3rd September, the company sold 3 pieces of clothes of Rs. 8000 to Mr. C on account. Prepare Sales
Subledger accounts and Sales Control ledger account.
XYZ Company
Sales Subsidiary Ledger Accounts
Mr. A
For the Month of September, 2019
Date Date
2019 Rs. 2019 Rs.
Sep. Sep.
30. Balance c/d a/c 5000 1. Sales a/c 5000
______ ______
5000 5000
______ ______
______ ______
Sales Subsidiary Ledger Accounts
Mr. B
For the Month of September, 2019
Date Date
2019 Rs. 2019 Rs.
Sep. Sep.
30. Balance c/d a/c 10000 2. Sales a/c 10000
_______ ________
10000 10000
_______ ________
_______ ________
Sales Subsidiary Ledger Accounts
Mr. C
For the Month of September, 2019
Date Date
2019 Rs. 2019 Rs.
Sep. Sep.
30. Balance c/d a/c 8000 3. Sales a/c 8000
_______ ______
8000 8000
_______ ______
_______ ______
XYZ Company
Sales Control Ledger
For the Month of September, 2019
Date Date
2019 Rs. 2019 Rs.
Sep. Sep.
30. Balance c/d 13000 1. Sales a/c 5000
(To Be Transferred 2. Sales a/c 10000
To Income 3. Sales a/c 8000
Summary Account)
_______ _______
13000 13000
________ _______
________ _______
From the above, it is clear that the closing balance of Sales Control Ledger is Rs. 13000 which is equal to total of balances of Sales Subsidiary Ledger Accounts i.e., Sales From Mr.
A = 5000 + 10000 + 8000 = Rs. 13000
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