Explain the purposes for which of control accounts are prepared in a business organization

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asked Mar 1, 2022 137k views

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Jesus · Answer 1 · 2022-03-07T18:10:41+0000

The purpose of the control account is to keep the general ledger nice and clean without any details, yet contain the correct balances to be used in the financial statements.

Explain the purposes for which of control accounts are prepared in a business organization

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Explain the purposes for which of control accounts are prepared in a business organization