|Cost Ledger Control Account is:
- Is popularly known as the “General Ledger Adjustment Account.
- This account is opened in Cost Ledger to complete double-entry.
- All items of income and expenditure taken from the financial accounts and all transfers from cost accounts to financial books are recorded in this account
- All transactions in the cost ledger must be recorded through the Cost Ledger control account. The balance in this account WILL always be equal to the total of all the balances of the impersonal accounts.