control account


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control account

n
(Accounting & Book-keeping) accounting an account to which are posted the debit and credit totals of other accounts, usually in preparation of financial statements
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.control account - an account that shows totals of amounts entered in a subsidiary ledger
general ledger - the ledger that contains all of the financial accounts of a business; contains offsetting debit and credit accounts (including control accounts)
accounting system, method of accounting, accounting - a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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These reports should show the net amount payable to the revenue service and should also agree with the VAT control account maintained in the balance sheet.
Small businesses have some adjustments to do for VAT
Control Account customers pay PS5 a month to ensure that they do not face further charges when payments are returned unpaid for direct debits and standing orders.
A wider service for Post Office current accounts
lie knew that a deposit control account, representing the compilation of all customer checking accounts, was maintained on the bank's general ledger.
The Six Million Dollar Man: a case study of white-collar fraud
It states that a purchase ledger control account balance of $467,572 had been included in the trial balance as $474,772.
Fundamentals of Financial Accounting: as with many topics, you would be well advised to practise a methodical approach to answering questions about suspense accounts, which are highly likely to appear in the CO2 exam
Existing Shahry customers can sign-up for the new Shahry Control account simply by calling 111, while Hala and new customers can visit any Qtel shop to get the new service activated.
Qtel unveils Shahry Control
The affluent also are increasingly viewing SMAs as a "control account" for all their holdings, including mutual funds, real estate investments, insurance products and limited partnerships.
What CPAs need to know about separately managed accounts: affluent clients expect greater flexibility in managing their investments
The Control Account is one of three current accounts being launched by the Post Office today - in partnership with Bank of Ireland - in a pilot across 29 branches across East Anglia, as it seeks to beef up its presence on the high street as a major financial services provider.
APost Office account aimed at low earners; NEW SERVICES SET TO APPEAL TO RURAL COMMUNITIES

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