A credit note issued for R25 was not taken into account at all. Record this into the debtors reconciliation and why..also do we Cr or Dr the R25 in the control account or list or both?

To record the credit note of R25 in the debtors reconciliation, you would need to deduct this amount from the total amount owed by the debtor. This would result in a decrease in the amount owed by the debtor by R25.

In the control account, you would need to credit the R25 to reflect the decrease in the amount owed by the debtor. This means that you would credit the control account by R25. In the debtors list, you would also need to adjust the amount owed by the debtor by R25.

So, in summary:
- Record the credit note of R25 in the debtors reconciliation by deducting it from the total amount owed by the debtor.
- Credit the control account by R25 to reflect the decrease in the amount owed by the debtor.
- Adjust the amount owed by the debtor in the debtors list by R25.

Debtors Reconciliation

Credit Note not Accounted for
Credit Amount: R25

Treatment in Reconciliation

- Debtors' Control Account: Debit R25
- Debtors' List: Debit R25
- Bank Balance: No effect

Reason:

The credit note reduces the amount owed by the debtor. Therefore, the debtors' balance must be reduced by the amount of the credit note.

Note:

- The control account is debited because the transaction decreases the total amount owed by debtors.
- The debtors' list is debited to reflect the specific customer who received the credit note.
- The bank balance is not affected because the credit note does not involve a cash transaction.