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4) A control account ________. A) does not appear on the balance sheet B) has a balance that equals the sum of the balances in
4) A control account ________. A) does not appear on the balance sheet B) has a balance that equals the sum of the balances in a group of related accounts in a subsidiary ledger C) is equivalent to a contra account and represents the offsetting nature of debits and credits on a firm's financial statements D) holds individual accounts that support a general ledger account E) none of the above
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