T/F an account in a general ledger that summarizes all accounts in a subsidiary ledger.

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asked Jul 8, 2024 2.9k views

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Jerry Cheung · Answer 1 · 2024-07-13T15:36:38+0000

An account in a general ledger that summarizes all accounts in a subsidiary ledger is called a controlling account. The balance of a controlling account equals the total of a related subsidiary ledger.

T/F an account in a general ledger that summarizes all accounts in a subsidiary ledger.

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