An account used to record the balances on a number of subsidiary accounts and to provide a cross-check on them.
- ‘Unreconciled difference on debtors control account amounted to R354-million.’
- ‘The use of subsidiary books was accompanied by periodic postings of totals to control accounts in the general ledger.’
- ‘As a motivation tool, an MR budget creates incentives for control account managers and others to operate more efficiently.’
- ‘The earned value literature suggests that another purpose of an MR budget is motivational: to create a ‘budget challenge’ for control account managers.’
We take a look at several popular, though confusing, punctuation marks.