Definitions
There is 1 meaning of the phrase
Control Account.
Control Account - as a noun
An account that shows totals of amounts entered in a subsidiary ledger
Example Sentences
"The company uses a control account to monitor all transactions related to accounts receivable."
"The control account provides a summary of all sales made by the company."
"The auditor reviewed the control account to ensure accuracy and detect any discrepancies."
"The finance department reconciles the control account with the subsidiary ledger on a monthly basis."
"A control account is used to track all expenses incurred by the marketing department."
