For Debtors Control Account we have a term and definition in Accounting.

Debtors Control Account (Accounting)

reflects the total amount owed by the all the individual debtors. The balance of the debtors control account must equal the total of the debtors listwhich represents the amounts owed by the individual debtors obtained from the individual balances in the various subsidiary ledger accounts for each debtor. This subsidiary ledger is known as the debtors' ledger.

Similar

Browse words that start with:

• De
• Deb
• Debt
• Debto

Browse All Terms by First Letter

Term Search