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Meaning of "control account" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF CONTROL ACCOUNT

control account play
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GRAMMATICAL CATEGORY OF CONTROL ACCOUNT

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Control account is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES CONTROL ACCOUNT MEAN IN ENGLISH?

Controlling account

In accounting, the controlling account is an account in the general ledger for which a corresponding subsidiary ledger has been created. The subsidiary ledger allows for tracking transactions within the controlling account in more detail. Individual transactions are posted both to the controlling account and the corresponding subsidiary ledger, and the totals for both are compared when preparing a trial balance to ensure accuracy. For example, Accounts Receivable is the controlling account for the Accounts Receivable Subsidiary Ledger. In this subsidiary ledger, each credit customer has his own account with its own balance. Thus, while the Accounts Receivable balance can report how much the company is owed, the Accounts Receivable subsidiary ledger can report how much is owed from each credit customer. Other examples of controlling accounts and their subsidiary ledgers include Accounts Payable and equipment. In common use, control accounts refer to those that would, under ideal circumstances, balance to zero.

Definition of control account in the English dictionary

The definition of control account in the dictionary is an account to which are posted the debit and credit totals of other accounts, usually in preparation of financial statements.

WORDS THAT BEGIN LIKE CONTROL ACCOUNT

control
control chart
control column
control command
control commands
control experiment
control freak
control freakery
control grid
control group
control key
control knob
control mark
control panel
control point
control rod
control room
control stick
control surface
control system

WORDS THAT END LIKE CONTROL ACCOUNT

account
amount
at a discount
bank account
business account
call to account
checking account
count
current account
current-account
discount
no-account
on account
pollen count
recount
savings account
time discount
to account
trading account
viscount
volume discount

Synonyms and antonyms of control account in the English dictionary of synonyms

SYNONYMS

Translation of «control account» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF CONTROL ACCOUNT

Find out the translation of control account to 25 languages with our English multilingual translator.
The translations of control account from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «control account» in English.

Translator English - Chinese

控制帐户
1,325 millions of speakers

Translator English - Spanish

cuenta de control
570 millions of speakers

English

control account
510 millions of speakers

Translator English - Hindi

नियंत्रण खाता
380 millions of speakers
ar

Translator English - Arabic

حساب مراقبة
280 millions of speakers

Translator English - Russian

контроль счета
278 millions of speakers

Translator English - Portuguese

conta de controle
270 millions of speakers

Translator English - Bengali

নিয়ন্ত্রণ অ্যাকাউন্ট
260 millions of speakers

Translator English - French

compte de contrôle
220 millions of speakers

Translator English - Malay

Akaun kawalan
190 millions of speakers

Translator English - German

Kontrollkonto
180 millions of speakers

Translator English - Japanese

統括勘定
130 millions of speakers

Translator English - Korean

제어 계정
85 millions of speakers

Translator English - Javanese

Akun kontrol
85 millions of speakers
vi

Translator English - Vietnamese

tài khoản kiểm soát
80 millions of speakers

Translator English - Tamil

கட்டுப்பாட்டுக் கணக்கு
75 millions of speakers

Translator English - Marathi

नियंत्रण खाते
75 millions of speakers

Translator English - Turkish

Kontrol hesabı
70 millions of speakers

Translator English - Italian

conto controllo
65 millions of speakers

Translator English - Polish

kontrola konta
50 millions of speakers

Translator English - Ukrainian

контроль рахунки
40 millions of speakers

Translator English - Romanian

cont de control
30 millions of speakers
el

Translator English - Greek

έλεγχος λογαριασμού
15 millions of speakers
af

Translator English - Afrikaans

beheer rekening
14 millions of speakers
sv

Translator English - Swedish

kontroll konto
10 millions of speakers
no

Translator English - Norwegian

avstemmingskonto
5 millions of speakers

Trends of use of control account

TRENDS

TENDENCIES OF USE OF THE TERM «CONTROL ACCOUNT»

The term «control account» is regularly used and occupies the 102.971 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
52
/100
The map shown above gives the frequency of use of the term «control account» in the different countries.
Principal search tendencies and common uses of control account
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «control account».

FREQUENCY OF USE OF THE TERM «CONTROL ACCOUNT» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «control account» during the past 500 years. Its implementation is based on analysing how often the term «control account» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about control account

EXAMPLES

10 ENGLISH BOOKS RELATING TO «CONTROL ACCOUNT»

Discover the use of control account in the following bibliographical selection. Books relating to control account and brief extracts from same to provide context of its use in English literature.
1
PRINCIPLES AND PRACTICE OF COST ACCOUNTING
In the cost books, the entry will be Stores ledger control A/c Dr To general ledger adjustment A/c Cr The cost ledger control account in financial accounting books is only a memorandum account and does not form part of the double-entry ...
ASISH K. BHATTACHARYYA, 2004
2
Principles of Accounts (Cxc)
Each subsidiary ledger has at least one control account. This system of dividing the ledger and using control accounts is referred to as the self-balancing ledger system. A control account A control account is simply a memorandum account ...
P. Hosein, 1988
3
Cost Accounting
(c) Balance of Control Account The balance of a Control account represents the total of balances in various individual accounts in the respective subsidiary ledger. (d) Cost Ledger Control Account In addition to Control accounts for each of the ...
Tulsian, 2006
4
Financial Accounting
Solution Dr. Debtors Ledger Control Account Cr. Dr. Creditors Ledger Control Account Cr. Illustration 6 As at 3 1 March, 2003, the balance on the sales ledger control account of ITC Ltd was Rs 1 ,56,300, whilst the total of the list of balances on ...
Mukherjee & Hanif, 2003
5
Adv Acctg Vol 2 (For Ca Pcc)
Solution Dr. Debtors Ledger Control Account Cr. Dr. Creditors Ledger Control Account Cr. Balancing. and. Reconciling. Control. Accounts. At regular intervals ( at least once in a month) the Control Account should be balanced. This balance ...
Hanif
6
Fundamentals of Management Accounting
The accounting entries for an issue of direct materials to production would be: Debit Credit (A) Work in progress control account Stores control account (B) Finished goods account (C) Stores control account (D) Cost of sales account Stores ...
Janet Walker, 2006
7
Management Accounting Fundamentals
The accounting entries for an issue of direct materials to production would be: Debit Credit (A) Work in progress control account Stores control account (B) Finished goods account Stores control account (C) Stores control account Work in ...
Janet Walker, 2005
8
CIMA Official Learning System Fundamentals of Management ...
The accounting entries for an issue of direct materials to production would be: Credit Stores control account Debit (A) Work in progress control account (B) Finished goods account Stores control account (C) Stores control account Work in ...
Janet Walker, 2009
9
Cost Accounting, 3E
In that case, there will be two separate control account namely Materials Ledger Control Account and Stores Ledger Control Account. (b) Work-in-progress ledger control account — For every job, product or process, materials, labour and ...
Jawaharlal, 2002
10
Cost Accounting: Principles And Practice
(v) Work in progress ledger control account — All expenses which are related to jobs or other cost units that are being manufactured are debited to this account. Thus, direct materials, production overhead, direct wages are examples.
Dutta, 2003

10 NEWS ITEMS WHICH INCLUDE THE TERM «CONTROL ACCOUNT»

Find out what the national and international press are talking about and how the term control account is used in the context of the following news items.
1
Oil train bill could improve safety on rails, not on Puget Sound
So the state digs into the State Toxics Control Account for 70 percent of its funding. That account was originally used primarily to pay for the ... «InvestigateWest, Jul 15»
2
Protecting Your Aging Parents Against Identity Theft Can Be a Full …
Another way to prevent one person from having total control over a senior's finances is through what is sometimes called a "control account. «TheStreet.com, Jun 15»
3
Integrated Management Concepts and BDO USA, LLP Partner to …
BDO will offer CloudEVM through a Software as a Services (SaaS) model, where customers' analysts and control account managers have ... «Digital Journal, Jun 15»
4
Town of Louisville gets clean audit; comptroller makes …
Ensure that a water receivable control account is maintained and periodically reconciled to the individual customer accounts. Any differences ... «North Country Now, Jun 15»
5
Google makes it easier to control account privacy settings
San Francisco: Google is making its privacy controls easier to find and understand in an attempt to make the more than 1 billion users of its ... «IBNLive, Jun 15»
6
Source: News Limited
Of course, whatever is recorded in a control account will also affect a subsidiary ledger account. Make sure that you can record accurately in ... «Herald Sun, May 15»
7
How they voted in Olympia 4/21
Appropriations from model toxic control account appropriations were reduced by $40.8 million. It passed the Senate on April 14 by a vote of ... «Grays Harbor Daily World, Apr 15»
8
TTC bus's camera failed to capture fatal collision
As TTC spokesperson Brad Ross and CEO Andy Byford scrambled to respond to the incident, a message from the TTC Transit Control account, ... «Toronto Star, Apr 15»
9
SAI takes a strange course with national golf academy in Kerala
All this while TGC had fixed deposits worth Rs 55 lakh with over Rs 13 lakh in the members' control account. This money could easily have ... «Hindustan Times, Apr 15»
10
Waldo voters approve town funding, cut back on agency requests
... $2,000 – Incidental account; $20,000 – Insurance & Tax account; $5,000 – Animal Control account; $1,000 – Tax Map revision; $8,000 – Fire ... «Republican Journal, Mar 15»

REFERENCE
« EDUCALINGO. Control account [online]. Available <https://educalingo.com/en/dic-en/control-account>. Apr 2024 ».
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