Session 12 Control accounts and Reconciliations
　　Main Contents:
　　1.Control accounts
　　2.Supplier statement and reconciliation
　　3.Summary of sales ledger control account
　　4.Summary of purchase ledger control account
　　5.The mechanism of a control account reconciliation
　　12.1 Control accounts:
　　●Control accounts are ledger accounts that summarize a large number of transactions.
　　●It is a means of providing the accuracy of the individual ledger accounts, and a total record of individual items.
　　●It is an account in which records are kept of the total value of a number of similar but individual items.
　　●Control accounts are mainly used in accounting for receivables and payables, which are
　　Accounts receivable control and Accounts payable control account.