23K views · 150 reactions | Control accounts are summary ledger...
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23K views · 150 reactions | Control accounts are summary ledger...
Financial Accounting. Jazmine · Like Wine. Control accounts are summary ledger accounts that pull together the balances of many individual subsidiary ledgers. They let you keep the general ledger tidy while still tracking detailed transactions elsewhere. *How it works* - *General ledger*: Holds the control account (e.g., Accounts Receivable ...
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