What is the relationship between a controlling account and a subsidiary ledger?

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asked May 8, 2024 206k views

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Antoine Cotten · Answer 1 · 2024-05-13T16:20:50+0000

control account keeps the general ledger clean of details, but contains the correct balances used for preparing a company's financial statements. The subsidiary ledger allows for tracking transactions within the control account in further detail.

What is the relationship between a controlling account and a subsidiary ledger?

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