Acca financial Accounting (FA) Study Text ac ca (FA)

Chapter 14 

KAPLAN PUBLISHING

247 

•

The examiner will provide details of the error(s).

•

You must decide for each whether correction is required in the control

account, the list of individual balances or both.

•

When 

all 

errors 

have been corrected, the revised balance on the control

account should agree to the revised total of the list of individual balances.

•

Due to the nature of the Financial Accounting exam, you will not be asked

to produce a full control account reconciliation, however you may be asked

for the revised balance on the control account/list of individual balances

after one or two errors have been corrected.