Accountancy, asked by Imadkhan25111, 8 months ago

What is the meaning of control account

Answers

Answered by sathyanarayana19
0

Answer:

The purpose of the control account is to keep the general ledger nice and clean without any details, yet contain the correct balances to be used in the financial statements.

Answered by vatssunil1984
4

Answer:

an account used to record the balance on a number of subsidiary account and to provide a cross check on them

Explanation:

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