Accounting Software Glossary |
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The accounting software glossary is a glossary of words and phrases related to accounting software and is provided entirely as-is and without warranty. Please feel free to make use of the definitions of accounting software terms contained herein, provided you quote your source or, if used online, provide a link back to the accounting software glossary. |
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Definition of Debtors (control account) |
the total amount owed by the all the individual debtors. The balance of the debtors control account must equal the total of the debtors list, which represents the amounts owed by the individual debtors obtained from the individual balances in the various subsidiary ledger accounts for each debtor. This subsidiary ledger is known as the debtors' ledger.
Other accounting software terms beginning with D |
| Days Sales Outstanding (DSO) |
| Days Sales Outstanding is a company's average mone... |
| Debenture |
| A long-term share used by governments and large co... |
| Debit |
| A debit is a record of an indebtedness. Specifica... |
| Debtors |
| People that owe money to the business.... |
| Debtors (control account) |
| the total amount owed by the all the individual de... |