Bookkeeping
What Is a Control Account?
With the double-entry accounting system, accounts receivable, and accounts payable are the common types of control accounts. Control accounts are an important component of double-entry accounting and make up the foundation of the general ledger. They serve as a summary report of the total balances for each subledger, and allow[…]
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Accounting consultants handle sensitive financial information, so they must maintain confidentiality and uphold the highest ethical standards. Their professionalism is key to earning and maintaining the trust of their clients. These insights enable organizations to make informed decisions and bolster their financial health. Our mission is to empower readers with[…]
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