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a control account is a management control point that defines the work, schedule and budget and monitors timely accomplishment of the work.

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12y ago

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Can The same control account support multiple level WBS elements?

Each control account may have one or more work packages under it. Obviously, each work package must belong to only one account; otherwise, some factors, such as cost, will be double counted or counted multiple times.


What are the types of Control Account?

sales control account purchases control account


What are the different type of control account?

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There are two types of control account what are they?

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What is control account control account?

A control account is a summary of the individual accounts in the subsidiary ledger(purchases or sales ledger) :)


Format for Debtors control account and creditors control account?

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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.


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