An account in the general ledger that summarizes the balances found in the subsidiary ledger(s) is:

Name: An account in the general ledger that summarizes the balances found in the subsidiary ledger(s) is:
Brand: Quizplus
Rating: 4.7 (56 reviews)

Question

Quizplus · Accepted Answer

A controlling account summarizes the balances found in the subsidiary ledger(s) and is part of the general ledger. It provides a control mechanism to ensure that the total of all the subsidiary ledgers equals the balance in the controlling account.

An Account in the General Ledger That Summarizes the Balances