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Definition of Control account
1. Noun. An account that shows totals of amounts entered in a subsidiary ledger.
Generic synonyms: Accounting, Accounting System, Method Of Accounting
Lexicographical Neighbors of Control Account
Literary usage of Control account
Below you will find example usage of this term as found in modern and/or classical literature:
1. Manufacturing Costs and Accounts by Alexander Hamilton Church (1917)
"In other words, these Item Cards are the subdivision or explanation of the Control
account total. In the second week we will suppose that purchases have ..."
2. Wall Street Accounting: A Description of the Business of Brokerage, Its by Frederick Simson Todman (1921)
"In order to effect proper posting to the Customers control account due notice
must be taken of the classification of customers' purchases and sales. ..."
3. OECD Economics Glossary: English-French = Glossaire de L'économie de L'OCDE by Oecd, SourceOECD (Online service) (2006)
"Les coûts et profits réels de chaque activité sont comparés périodiquement aux
estimations pour permettre les corrections nécessaires] [GES] control account ..."
4. Practical Accounting for General Contractors by Harris Denison Grant (1922)
"The control account of Accrued Contract Cost is equal to the detail total cost
as shown on the Cumulative Contract Ledger. The control account Earned ..."
5. Elementary Banking by American Institute of Banking (1922)
"—A control account is an account which controls others called auxiliary or
subsidiary accounts. The important feature of this control is that the ..."
6. Practical Bank Operation by Loyd Helvetius Langston, First National City Bank of New York (1921)
"This proof is virtually a second control account for cashier's checks. On the
credit side checks issued are entered according to the stubs received by the ..."
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