control account


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control account

n
(Accounting & Book-keeping) accounting an account to which are posted the debit and credit totals of other accounts, usually in preparation of financial statements
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Noun1.control account - an account that shows totals of amounts entered in a subsidiary ledger
general ledger - the ledger that contains all of the financial accounts of a business; contains offsetting debit and credit accounts (including control accounts)
accounting system, method of accounting, accounting - a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
References in periodicals archive ?
Control Account customers pay PS5 a month to ensure that they do not face further charges when payments are returned unpaid for direct debits and standing orders.
For its work on the BASF Professional Pest Control account, the agency won three Pepperpots for the Towering Termite Tour in addition to the Best of Show.
The MetLife Survivor Assistance Program, Total Control Account and Will Preparation are key examples of how MetLife helps employees focus on the importance of life insurance by offering special services that make life insurance useful to them today while providing peace of mind for tomorrow," said Mr.

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