I. THE NATURE OF PURCHASE AND SALES LEDGER CONTROL ACCOUNTS
The balance on the control account should equal the sum of the individual balances on the relevant personal ledgers.
An important method of checking errors is to reconcile the balances on the purchase ledger control account and the sales ledger control account to the total of the individual balances in the purchase (payables) ledger and sales (receivables) ledger respectively.
……………………….
Download: CHAPTER 4 PURCHASE LEDGER RECONCILIATION AND SALES LEDGER RECONCILIATION