The Accounts Receivable and Accounts Payable are both controlling accounts.

Name: The Accounts Receivable and Accounts Payable are both controlling accounts.
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Both Accounts Receivable and Accounts Payable are considered controlling accounts because they summarize the total amounts owed to and by a company, respectively, and are supported by subsidiary ledgers that detail individual transactions with customers and suppliers.

The Accounts Receivable and Accounts Payable Are Both Controlling Accounts