What is the use of control accounts? One of the main benefits of constructing control accounts is that it can help to restrict errors. It saves time as the location of errors takes a considerable time to find the mistakes after extracting the trial balance. First, you have to learn What […]
Control accounts in Bookkeeping A control account is used to check the postings’ accuracy to a particular ledger account. Self-balancing includes a control account generally kept at the front or back of the ledger and used by the accounting staff on the total balances extracted from that ledger. In addition to […]