Task 4: This task has been designed to assess your understanding and ability to perform how the control accounts are support effective financial management within the organization. Explain the role and purpose of control accounts for accounts receivable and accounts payable, and how they differ from suspense accounts. You need to evaluate the differences between control account types and identify them. Then, how control accounts support effective financial management within the organization. Use the following information in order to perform control account reconciliations for accounts receivable using the below requirements: The nct lotal of balances in the trial balanch, which was cklgakied Irum the ables led ace as ake 6. halanse pwied by eatomer had hoen writien off and dehised to had deben ctpenest by iflat and futn't novend in the sales srntrol acovern Requirements: 1. Explain the role and purpose of control accounts (for accounts receivable and accounts payable), how they differ from suspense accounts. 2. The journal entries to clear the suspense accounts. 3. A statement of reconciliation for sales ledger book. 4. A statement of reconciliation for sales ledger control account 1. Explain \& Evaluate the role and purpose of control accounts (for accounts receivable and accounts payable), how they differ from suspense accounts. Cantrul kccount Defiant ban Lackirule Nulvanfage 4 disadvantiact Thdiant ian 1 iss Diflerraces betwsen senfrol \& ispernst acceatar a Step 1: The journal entries to clear the suspense accounts (suspense account reconciliation) Step 2: statement of reconciliation for sales ledger book. Step 3: statement of reconciliation for sales ledger control account. Task 4: This task has been designed to assess your understanding and ability to perform how the control accounts are support effective financial management within the organization. Explain the role and purpose of control accounts for accounts receivable and accounts payable, and how they differ from suspense accounts. You need to evaluate the differences between control account types and identify them. Then, how control accounts support effective financial management within the organization. Use the following information in order to perform control account reconciliations for accounts receivable using the below requirements: The nct lotal of balances in the trial balanch, which was cklgakied Irum the ables led ace as ake 6. halanse pwied by eatomer had hoen writien off and dehised to had deben ctpenest by iflat and futn't novend in the sales srntrol acovern Requirements: 1. Explain the role and purpose of control accounts (for accounts receivable and accounts payable), how they differ from suspense accounts. 2. The journal entries to clear the suspense accounts. 3. A statement of reconciliation for sales ledger book. 4. A statement of reconciliation for sales ledger control account 1. Explain \& Evaluate the role and purpose of control accounts (for accounts receivable and accounts payable), how they differ from suspense accounts. Cantrul kccount Defiant ban Lackirule Nulvanfage 4 disadvantiact Thdiant ian 1 iss Diflerraces betwsen senfrol \& ispernst acceatar a Step 1: The journal entries to clear the suspense accounts (suspense account reconciliation) Step 2: statement of reconciliation for sales ledger book. Step 3: statement of reconciliation for sales ledger control account