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Q: what is control acount.
A: Control account is an account used to record the balances on a number of subsidiary accounts and to provide a cross-check on them.
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User: what is control acount.

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Asked 7/2/2011 12:07:26 AM
Updated 256 days ago|10/10/2017 1:39:15 AM
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Flagged by emdjay23 [10/10/2017 1:39:15 AM]
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Control account is an account used to record the balances on a number of subsidiary accounts and to provide a cross-check on them.
Added 256 days ago|10/10/2017 1:39:14 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [10/10/2017 4:03:20 AM]
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