CONTROL ACCOUNT

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

An account that shows totals of amounts entered in a subsidiary ledger

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("control account" is a kind of...):

accounting; accounting system; method of accounting (a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts)

Holonyms ("control account" is a part of...):

general ledger (the ledger that contains all of the financial accounts of a business; contains offsetting debit and credit accounts (including control accounts))

Credits