Sentences with CONTROL-ACCOUNT
Check out our example sentences below to help you understand the context.Sentences
1
"A control account is a summary account in the general ledger."
2
"The control account shows the total balance of multiple related subsidiary accounts."
3
"The control account for accounts receivable keeps track of all customer balances."
4
"The control account for accounts payable reflects all outstanding vendor invoices."
5
"To reconcile the control account, you need to compare it with the subsidiary accounts."
6
"A control account simplifies the process of analyzing individual transactions."
7
"The control account provides a centralized view of a group of accounts."
8
"A control account is often set up for monitoring cash transactions."
9
"The control account for inventory tracks the total value of stock on hand."
10
"Each subsidiary ledger should have a corresponding control account."
11
"The control account ensures that all individual accounts are properly posted."
12
"The control account for fixed assets summarizes the company's total asset value."
13
"The control account simplifies the process of preparing financial statements."
14
"Journal entries may be made directly to control accounts."
15
"The general ledger contains control accounts and subsidiary ledgers."
16
"A control account prevents errors and discrepancies from going unnoticed."
1
"The company uses a control account to monitor all transactions related to accounts receivable."
2
"The control account provides a summary of all sales made by the company."
3
"The auditor reviewed the control account to ensure accuracy and detect any discrepancies."
4
"The finance department reconciles the control account with the subsidiary ledger on a monthly basis."
5
"A control account is used to track all expenses incurred by the marketing department."
6
"The control account acts as a central repository for all cash transactions within the organization."
7
"A control account is essential for maintaining accurate and up-to-date records of inventory."
8
"By analyzing the control account, management can identify trends and patterns in sales."
9
"The control account serves as a check and balance to ensure proper financial management."
10
"The control account is accessed by authorized personnel only to maintain data security."
