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control account

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noun
a general account showing totals of transactions with detailed figures appearing in subsidiary ledgers.
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Also called controlling account.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

How to use control account in a sentence

British Dictionary definitions for control account

control account

noun
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 & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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