Definition of control account in English:

control account

Line breaks: con|trol ac|count

noun

  • An account used to record the balances on a number of subsidiary accounts and to provide a cross-check on them.
    More example sentences
    • The earned value literature suggests that another purpose of an MR budget is motivational: to create a ‘budget challenge’ for control account managers.
    • As a motivation tool, an MR budget creates incentives for control account managers and others to operate more efficiently.
    • Unreconciled difference on debtors control account amounted to R354-million.

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Word of the day skosh
Pronunciation: skōSH
noun
a small amount; a little