larryp

What are Control accounts used for?

Pupose of Control accounts.

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astur

Control accounts are used to cheak the errors in ledger accounts. Source:http://in.docsity.com/en-docs/Bad_Debts-Financial_Accounting-Lecture_Handout_

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magicphil

Control accounts are required for Accounts Receivable and Accounts Payable transactions (invoices, cash etc.), and for Inter-Entity Accounting transfers

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