Series 2, Episode 8 – Control Accounts: Receivables & Payables

In this episode of Debit, Credit, Done! we break down Control Accounts, focusing on the Receivables Ledger Control Account (RLCA) and the Payables Ledger Control Account (PLCA).We’ll cover:What control accounts are and why they’re importantThe structure of RLCA and PLCAWorked examples with credit sales, discounts, payments, and irrecoverable debtsHow to reconcile RLCA and PLCA with the lists of balancesAAT exam tips to avoid the most common errorsBy the end, you’ll understand how control accounts act as a vital internal check and how to approach them in your AAT Level 3 exam.#AAT #Accounting #DebitCreditDone #ControlAccounts #RLCA #PLCA #AATLevel3

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