| / English Dictionary |
CONTROL ACCOUNT
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
An account that shows totals of amounts entered in a subsidiary ledger
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("control account" is a kind of...):
accounting; accounting system; method of accounting (a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts)
Holonyms ("control account" is a part of...):
general ledger (the ledger that contains all of the financial accounts of a business; contains offsetting debit and credit accounts (including control accounts))
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