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what is the purpose of control accounts? a. used to represent the summary account (total...

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Accounting

what is the purpose of control accounts?

a. used to represent the summary account (total amount) reported on the balance sheet while the subsidiary ledger includes separate accounts for each item

b. used to control the cash flow in the company to remain within appropriate liquidity levels

c. used to summarize the revenue and expenses for the period in order to computer net income

d. used to categorize revenues and expenses into operating versus non-operating items

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