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Control Accounts

  • P. Stevens
Chapter
Part of the Macmillan Work Out Series book series (MCWO)

Abstract

We have referred in previous chapters to entries to accounts of debtors and creditors, and this is the area where control accounts are used. We also saw in Chapter 7 how day books reduce the necessity of posting several separate transactions in our ledger. It is the problems associated with a large number of transactions in the ledger that control accounts seek to resolve.

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Copyright information

© P. Stevens 1987

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  • P. Stevens

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