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what is control acount.
Question
Asked 7/2/2011 12:07:26 AM
Updated 10/10/2017 1:39:15 AM
1 Answer/Comment
Flagged by emdjay23 [10/10/2017 1:39:15 AM]
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User: what is control acount.

Question
Asked 7/2/2011 12:07:26 AM
Updated 10/10/2017 1:39:15 AM
1 Answer/Comment
Flagged by emdjay23 [10/10/2017 1:39:15 AM]
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3
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 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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