Multiple choice technology packaged enterprise solutions

__________ is an account whose balance is the sum of balances from multiple detail accounts

  1. A. T Account

  2. B. Detail Account

  3. C. Summary Account

  4. D. Accrual Account
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A summary account is defined precisely by its function: it aggregates or sums the balances from multiple related detail accounts. This hierarchical structure allows roll-up reporting and analysis - you can view individual detail accounts or their combined summary total.

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