Control Account

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Definitions
Control Account
Control Account Subsidiary Ledger Accounts Payable Financial Reporting General Ledger Accounting Efficiency
A control account is a general ledger account that summarizes the total balances of subsidiary ledgers, ensuring accuracy and efficiency in financial reporting.
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Definitions
Private Ledger
Private Ledger Ledger Confidential Accounts Financial Accounting Control Account General Ledger Corporate Finance Data Security
A private ledger is a subset of an accounting ledger that holds confidential and sensitive financial information, isolated from the general ledger for security and privacy reasons.
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