Syllabus E3

a) Understand the purpose of control accounts for accounts receivable and accounts payable.
b) Understand how control accounts relate to the double-entry system.
c) Prepare ledger control accounts from given information.
d) Perform control account reconciliations for accounts receivable and accounts payable.
e) Identify errors which would be highlighted by performing a control account reconciliation.
f) Identify and correct errors in control accounts and ledger accounts.