12.2 Supplier statements and reconciliation
　　Supplier statements
　　●Supplier statements are issued by suppliers to summarize the transactions that have taken place during a given period, and also to show the balance outstanding at the end of the period.
　　●The purchases ledger control account and individual list of payables balances should agree with the total of the supplier statements.
　　Reconciliation
　　●Is a working to ensure the entries in the ledger accounts agree with the entries in the control accounts.
　　●The two should have the same closing balance.
　　Receivable ledger reconciliation
　　●Compares the total accounts in the receivables ledger with the balance on the receivables ledger control account.
　　Payable ledger reconciliation
　　●Compares the total accounts in the payable ledger with the balance on the payable ledger control account.
　　Difference may arise due to:
　　●Errors in the receivables or payables ledger
　　●Errors in the receivables or payables ledger control accounts
　　●Errors in both control and ledger account