Assertion: general ledger's account | /r/HasProperty | control accounts
Facets:
Source sentences:
text: The accounts receivable and accounts payable accounts are the most likely to be control accounts.
text: The accounts of the general ledger where detailed data of subsidiary ledgers are recorded briefly are called control accounts.
text: In accounting, the controlling account (also known as an adjustment or control account) is an account in the general ledger for which a corresponding subsidiary ledger has been created.
text: This account is referred to as the ‘Control account’, and account types that generally have a high activity level is recorded here.