Control Account Reconciliation Solutions

1. Andrews Ltd – Receivables Ledger Control Account

(a) Receivables Ledger Control Account

Date	Details	Amount ($)	Date	Details	Amount ($)
30 Nov	Balance b/d	25,390.27	30 Nov	Sales day book overstatement (M Catt)	27.00
			30 Nov	Irrecoverable debt (J Callard)	169.30
			30 Nov	Balance c/d	25,193.97
	Total	25,390.27		Total	25,390.27

(b) Total of Receivable Balances Reconciliation

Details	Amount ($)
Original total	24,993.57
Add: Omitted balance (P Hull)	227.40
Less: Overstatement of invoice (M Catt)	(27.00)
Amended total	25,193.97

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2. A Client – Payables Control Account

(a) Payables Ledger Control Account

Details	Amount ($)	Details	Amount ($)
Purchases returns omitted (ii)	372.00	Balance b/f (i)	42,578.00
Bank — standing order (iv)	3,000.00	Purchases day book undercast (vii)	900.00
Discount received (vi)	27.00
Balance c/f	40,079.00
Total	43,478.00	Total	43,478.00

(b) Reconciliation of the List of Balances

Details	Subtotal ($)	Amount ($)
(i) Payables balances per list of balances		44,833.00
Add: Transposition error on supplier account ($2,597 − $2,579) (iii)		18.00
Subtotal		44,851.00
Less: Debit balance incorrectly listed as credit balance ($700 × 2) (v)	(1,400.00)	(1,400.00)
Revised balance on control account		40,079.00

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3. Shi Kelly – Receivables Ledger Control Account

(a) Receivables Ledger Control Account

Details	Amount ($)	Details	Amount ($)
(ii) Balance b/f	120,539.00	(iv) Sales returns / Credit note	2,648.00
		(vi) Goodwill allowance / Discount	10.00
		(viii) Irrecoverable debt written off	750.00
		Balance c/d	117,131.00
Total	120,539.00	Total	120,539.00

(b) Adjustments to List of Personal Balances

Details	Subtotal ($)	Amount ($)
List of personal account balances		122,409.00
Add: Understatement of debit balance ($7,540 − $5,740) (iii)		1,800.00
Subtotal		124,209.00
Less: Credit balance listed as debit balance ($3,289 × 2) (v)	(6,578.00)
Less: Omitted credit balance (vii)	(500.00)	(7,078.00)
Total of personal account balances		117,131.00