How To Reconcile A Sales Ledger Control Account
Reconciliation Process Of A Sales Ledger Control Account With Subsidiary Sales Ledger Accounts A S ales Control Ledger Account is reconciled when its closing balance is equal to the total of balances of S ales Subsidiary Ledger Accounts . If there is any difference between these two T ypes of Ledgers , then there is a need to check these A ccounts in order to reconcile these Kinds of Accounts . Example, Suppose a Company XYZ is a trading company selling clothes to customers. On 1 st September, 2019, the company sold 2 pieces of clothes worth Rs. 5000 to Mr. A on credit. On 2 nd September, 2019, it sold 5 pieces of clothes to Mr. B for Rs. 10000 on account. On the next day i.e., 3 rd 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. ...