Control account

control account
A general ledger account containing the correct total amount without containing the details. For example, Accounts Receivable could be a control account in the general ledger.

Control account
An account maintained in the general ledger that holds the balance without the detail. The detail is maintained in a subsidiary ledger.
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control account
account that shows totals of amounts entered in a subsidiary ledger , as an accounts payable control account would show the total that is detailed in the accounts payable subsidiary ledger.
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CONTROL ACCOUNT - is a summary account in the General Ledger that is supported by detailed individual a...
CONTROL AREA - A large geographic area within which a utility (or group of utilities) regulates electri...

control accounts are general ledger accounts that report totals of details included in subsidiary ledger accounts.

CONTROL ACCOUNT - An account in the general ledger in which the aggregate of all debit and credit postings to a number of related accounts (called the subsidiary accounts) are recorded.

Control Account - Is an account which gives a summary of the balance of all the accounts another ledger. subsidiary ledger will normally have a control account which will be shown in the general ledger.

Control account
A control account is a general ledger account that’s supported by a subsidiary ledger. The control account holds the grand total and the subsidiary ledger the many accounts that make up the grand total.
Control block ...

Define wages control account?
Who controls the minimum wage?
The average hourly wage of animal control officer?
How to control?
Out of control?
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Balances on control accounts were copied from one book to another, so that a full set of accounts could be completed and as an additional process control accounts were reconciled.

Thus, the Accounts Receivable general ledger account total is said to be the control account or control ledger, as it represents the total of all individual subsidiary account balances.

(GL) A book in which monetary transactions of a business are posted (in the form of debits and credits) from a journal. It is the final record from which financial statements are prepared. The general ledger accounts are often the control accounts ...

See also: General ledger, Subsidiary ledger, Expense, Accounting period, Disbursement