An active DaFIS account that can be used to extract data from Decision Support on groups of accounts having no other association except that they all report to the same account.
A general ledger account that summarizes the aggregate of debit and credit postings to related subsidiary accounts. The sum of the balances in the subsidiary accounts should equal the balance in the control account.
An account in the general ledger in which the aggregate of all debit and credit postings to a number of related accounts (called the subsidiary accounts) are recorded. For example, the Accounts Receivable account is a control account supported by the aggregate of the individual customer subsidiary accounts. Refer to GENERAL LEDGER and SUBSIDIARY ACCOUNTS.
an account that shows totals of amounts entered in a subsidiary ledger
an account which primarily contains totals of one or more types of transactions, the detail of which appears in subsidiary accounts
an entity on the general ledger to record the debit and credit postings for a number of related accounts called subsidiary accounts
Total Account which is a summary of individual Debtor or Creditor Accounts
General ledgers account equal to the sum of the balances in the individual accounts in the subsidiary ledger. The amount of the control account equals the total of the subsidiary accounts.
An account held in a ledger which summarises the balance of all the accounts in the same or another ledger. Typically each subsidiary ledger will have a control account which will be mirrored by another control account in the nominal ledger (see 'Self-balancing ledgers').
n account in the general ledger that consist of related sub-accounts. The total of the related sub-accounts should total the balance in the related control account.
A summary account in the General Ledger that is supported by detailed individual accounts in a subsidiary ledger.
A general ledger account containing the correct total amount without containing the details. For example, Accounts Receivable could be a control account in the general ledger. Each day the total of the day's credit sales and the day's collections are posted to this account. However, the details involving specific customers' accounts will be found in a subsidiary ledger. To Top