Register
What is the relationship between a controlling account and a subsidiary ledger?
206k views
1 vote
What is the relationship between a controlling account and a subsidiary ledger?

User Hisdrewness
by
8.0k points

1 Answer

3 votes
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.
User Antoine Cotten
by
7.7k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

Who was Adam Smith ? Anybody?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
The government has decided that the free market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue.Is this possible? Explain
Link Copied!