control account in English

noun
1
an account used to record the balances on a number of subsidiary accounts and to provide a cross-check on them.
The earned value literature suggests that another purpose of an MR budget is motivational: to create a ‘budget challenge’ for control account managers.

Use "control account" in a sentence

Below are sample sentences containing the word "control account" from the English Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "control account", or refer to the context using the word "control account" in the English Dictionary.

1. (c) Each subsidiary system has a control account in the general accounts.

2. 6XDDD Other Control Account(s) Assigned to February 1, 2001 include Note(s):

3. Payroll Control account has no impact on appropriations and is therefore coded as 0000.

4. Departmental control account balances will be matched with those submitted by the Receiver General General Ledger (RG-GL).

5. 26 A contra enty of $980 was recorded in the payables ledger control account , but not in the payables ledger .

6. A control account must be established to reconcile the subsidiary receivable ledgers and to ensure that any report respecting accounts receivable includes all the receivables.