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A control account is a summary of the individual accounts in the subsidiary ledger(purchases or sales ledger) :)
Wiki User
∙ 13y ago
Wiki User
∙ 9y agoA control account is an account used to record balances of lower level accounts. It is also to cross check them.
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What are the types of Control Account?
sales control account purchases control account
There are two types of control account what are they?
sales ledger control account and purnchase ledger control account
Format for Debtors control account and creditors control account?
debtors
Define wages control account?
Wages control account is an account used in a management or cost accounting system, to record both direct and indirect labour cost. Using the traditional T accounts, it obviously has two sides; debit and credit. Direct labour cost are creditted to the wages control account and has its corresponding entry in the work in progress control account(debitted). Indirect labour cost will also be creditted in the wages control account and the corresponding entry in the production overhead control account.
What is a subsidiary account?
A subsidiary account is an account that is found in the subsidiary ledger. It is used to summarize the control account.
What are the types of Control Account?
sales control account purchases control account
What are the different type of control account?
sales control account purchases control account
There are two types of control account what are they?
sales ledger control account and purnchase ledger control account
Format for Debtors control account and creditors control account?
debtors
Which component of Windows 7 prompt users for permission or credentials?
It is called User Account Control.
What are the elements of a Control Account?
a control account is a management control point that defines the work, schedule and budget and monitors timely accomplishment of the work.
Define wages control account?
Wages control account is an account used in a management or cost accounting system, to record both direct and indirect labour cost. Using the traditional T accounts, it obviously has two sides; debit and credit. Direct labour cost are creditted to the wages control account and has its corresponding entry in the work in progress control account(debitted). Indirect labour cost will also be creditted in the wages control account and the corresponding entry in the production overhead control account.
What is a subsidiary account?
A subsidiary account is an account that is found in the subsidiary ledger. It is used to summarize the control account.
What are the disadvantages of control account?
1.some others errors may be created when locating errors in the control account. 2.there maybe more fraudulent activities in the control account if it is not well scrutiny.
What does computer term UAC stand for?
UAC stand for User Account Control. It is located in a lot of online accounts, and helps you control your own account. You can also find it in Windows 7.
What is opening balance control account?
we should entry the opening balance to account for total balance ,That adjustment is opening balance control
What happens if you override the User Account Control?
If you override the User Account Control it allows an application to be run even if the you do not have the required administrative privileges.
