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How would you check that a list of purchase ledger balances has been correctly extracted?

Ledger Accounting Auditing Financial Reporting
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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/04/07
Upvote (1) Views (6) Followers (6) Answers (5) Report Question
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Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

In order to verify that list of purchase ledger balances has been correctly extracted; we need to ensure that the total of the list balances should be equal to the balance of the Control Account.  

Wasim khan wazir
by Wasim khan wazir , Finance Specialist , Mott Macdonald

It should be equal to control account......... 

Zehab Osman
by Zehab Osman , Accountant , Aldar Consultancy Co.

compare with control account

Moymur Moymur

Cash book statement of affairs

Ahmed Mohamed Ayesh Sarkhi
by Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

wait more details from our experts

 

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