What does control account mean?
Definitions for control account
con·trol ac·count
This dictionary definitions page includes all the possible meanings, example usage and translations of the word control account.
Princeton's WordNet
control accountnoun
an account that shows totals of amounts entered in a subsidiary ledger
ChatGPT
control account
A control account is an accounting tool used in maintaining accuracy and control over financial transactions. It is a general ledger account that summarizes and combines detailed information from several subsidiary ledger accounts, such as accounts receivable, accounts payable, inventory, etc. The control account keeps the details of the transactions separate so that the overall financial transactions can be more easily understood and managed. It is often used as a checking mechanism to spot errors and discrepancies.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of control account in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of control account in Pythagorean Numerology is: 3
Translation
Find a translation for the control account definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"control account." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/control+account>.
Discuss these control account definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In