Home >  Term: Control accounts
Control accounts

Are general ledger accounts that report totals of details included in subsidiary ledger accounts. For example, Accounts Receivable is a general ledger account with a balance equal to the total of the individual receivables included in the subsidiary accounts receivable ledger.

0 0

Creator

  • Harry8L
  • (London, United Kingdom)

  •  (V.I.P) 574128 points
  • 100% positive feedback
© 2025 CSOFT International, Ltd.