Formats for Preparing the Control Accounts
The
following format is used in the preparation of sales ledger control account.
Purchases ledger control account
The
following format is used in the preparation of purchases ledger control
account.
Available here: meaning and uses of control accounts
Illustration 1
The
following list of balances were extracted from the books of account of Ekhei
Traders as at 31 December, 20r6
 |
| Practice question on control account |
Required:
Prepare the
total debtors and total creditors’ accounts respectively.
Available here: meaning and uses of control accounts
Solution 1
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| sales ledger control account |
 |
| purchases ledger control account |
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