CREDITORS CONTROL ACCOUNT Definition

Bookmark and Share

CREDITORS CONTROL ACCOUNT reflects the total amount owed to all the individual creditors. The balance of the creditors control account must equal the total of the creditors list, which represents the amounts owed by the individual creditors obtained from the individual balances in the various subsidiary ledger accounts for each creditor. This subsidiary ledger is known as the creditors ledger.

Learn new Accounting Terms

PRIME BROKERS are providers of back-office administration and stock lending for hedge funds.

X or XD is a symbol used in newspapers to indicate that a stock is trading ex-dividend, i.e., without dividend. The x symbol is also used in bond tables to signify without interest.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.