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 important

• The structure of RLCA and PLCA

• Worked examples with credit sales, discounts, payments, and irrecoverable debts

• How to reconcile RLCA and PLCA with the lists of balances

• AAT exam tips to avoid the most common errors

By 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