Sub ledger a/cs
System
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Hi
I did a practise simulation the other week and it had a question regarding an error with the sales reconcilation. When the error is in the sub ledger, do you need to do a journal entry? If so where do you post it to, as its already correct in the main ledger? I assume you just do a single entry in the subledger with the difference.
Cheers
I did a practise simulation the other week and it had a question regarding an error with the sales reconcilation. When the error is in the sub ledger, do you need to do a journal entry? If so where do you post it to, as its already correct in the main ledger? I assume you just do a single entry in the subledger with the difference.
Cheers
0
Comments
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Re:Sub ledger a/cs
Yes, that's exactly right. There's no need to do a journal just amend the account in the subsidiary ledger.
Chris0 -
Re:Sub ledger a/cs
Assuming that the entry in the sub-ledger did not originate from an error further back.
e.g. if the amount of an invoice is wrong in the debtors ledger because the original sales daybook was wrong, then you would need to adjust the nominal because the total from the sales daybook would have been posted to the nominal ledger.
Hope I havent confused things.
Adrian0