control account(redirected from control accounts)
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(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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|Noun||1.||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)
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