$2$ Process financial transactions

Assessment objective: To provide evidence that you have the essential knowledge required for the following performance criteria and related knowledge evidence.

$2\mathrm{.}3$ Reconcile schedules with general ledger according to organisational requirements

Answer the following question.

Question $2\mathrm{.}3$

What are the steps to reconcile a schedule with the control account in the general ledger?

Please note that is answer does not need to comply with any particular organisations policies or procedures, just needs a general answer