L3 - Control Accounts

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  • Created by: TeresaM19
  • Created on: 16-10-21 21:01

NET/VAT relevant A/cs Gen Ledger:  Sales, Purchases/Returns/VAT
Gross SLCA or PLCA
Sales/ Purchase Ledger A/cs up to date - in background, "Memo" A/cs, NOT PART of Double-Entry

USE Control A/cs:           Personal Sales/Purchase Ledgers not Double-entry, but "Memo" A/cs
NOT USE Control A/cs:   Personal A/cs double-entry, Control A/cs as "Memo" A/cs

       

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