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jolli1 [7]
3 years ago
9

What are control accounts in accounting.

Business
1 answer:
Zina [86]3 years ago
4 0

In accounting, the controlling account (also known as an adjustment or controlaccount) is an account in the general ledger for which a corresponding subsidiary ledger has been created. The subsidiary ledger allows for tracking transactions within the controlling account in more detail.
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