Meaning Of The Word Control account

Real Dictionary

What's the definition of Control account? Find Control account meanings, definitions and more at the Real Dictionary online.

Control account Meaning

Control account Definition
Control account Definition

What's The Definition Of Control account?

control account in Accounting
noun: A control account is an account which contains the debit and credit totals of other accounts, and is used to prepare financial statements.

control account in American English
noun: a general account showing totals of transactions with detailed figures appearing in subsidiary ledgers

control account in British English
noun: an account to which are posted the debit and credit totals of other accounts, usually in preparation of financial statements

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