Each general ledger control account balance must equal the composite balance of the individual accounts in the related subsidiary ledger at the end of an accounting period.

Name: Each general ledger control account balance must equal the composite balance of the individual accounts in the related subsidiary ledger at the end of an accounting period.
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This is known as the controlling account principle, which ensures the accuracy and completeness of financial records.

Each General Ledger Control Account Balance Must Equal the Composite