PLC and SLC

Emilie

Hi,

can anyone advise how you would close off a PLC and a SLC.

thanks

r4chy

purchase ledger and sales ledger control?

just close them as you would any other account, total the debit and credit sides of the accounts, put in your balance figure and bring forward as your opening balance....hope that helped!

Bluewednesday

As r4chy says, you wouldn't close them off to zero because they are balance sheet accounts so their balances are carried forward