Rufestar Rufestar

13-04-2021
Business

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explain control entry

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SCORGON SCORGON

13-04-2021

Answer:

Control Accounts are the total accounts in the cost ledger which summarizes the totals of individual accounts (subsidiary ledger). In these accounts, entries are made once at the end of each accounting period based on the periodical totals of transactions in related subsidiary ledgers and books.

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