All 25 Control Accounts questions
More in Control Accounts
Where do the figures for the control accounts come from? Can a control account have both a debit and a credit balance? What is the difference between a control account and a personal account? What is the normal balance of the sales and purchases ledger control accounts? Why are control accounts prepared by someone other than the ledger clerk? What entries appear in the sales ledger control account? What entries appear in the purchases ledger control account? How does a control account help detect errors? What is a control account reconciliation? Why is a control account a form of internal control?
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Bookkeeping › Control Accounts

What is the difference between the SLCA and PLCA in one line each?

Beginner

Answer

The sales ledger control account (SLCA) summarizes all trade receivables (debtors) and normally shows a debit balance; the purchases ledger control account (PLCA) summarizes all trade payables (creditors) and normally shows a credit balance. Each is reconciled to its subsidiary ledger.
Real-world example SLCA = total debtors (asset); PLCA = total creditors (liability).

Common follow-ups: Which summarizes creditors? | What is each reconciled against?

Sales & Purchase Ledgers Trial Balance Control Accounts
All 25 Control Accounts questions