The balances of assets and liabilities are recorded in this account.
Related information about control account:
- What is control account? definition and meaning
Definition of control account: General ledger account whose balance reflects the total of balances of related subsidiary ledger accounts. Accounts receivable and ...
- What is the purpose of control accounts? | AccountingCoach.com Q&A
A control account is a summary account in the general ledger. The details that support the balance in the summary account are contained in a subsidiary ...
- control account - The Free Dictionary
(Economics, Accounting & Finance / Accounting & Book-keeping) Accounting an account to which are posted the debit and credit totals of other accounts, ...
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A control account (CA) management control point at which budgets (resource plans) and actual costs are accumulated and compared to earned value for ...
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A control account is a summary account in a financial ledger that includes the details of an account in subsidiary ledgers. These...
- Controlling account - Wikipedia, the free encyclopedia
In accounting, the controlling account (UK: control account; also known as adjustment account) is an account in the general ledger for which a corresponding ...
- Control Account Definition - AccountingTools
Definition: A control account is a summary-level account in the general ledger that contains aggregated totals for transactions that are individually stored in ...
- Control account | Define Control account at Dictionary.com
a general account showing totals of transactions with detailed figures appearing in subsidiary ledgers. Relevant Questions. What Are the Advantages .