Def - Control Account - Fishermen
The Fishermen control account stores summary balances of open (unpaid) Fishermen transactions. When Fishermen transactions are posted, the Fishermen's control account is either debited or credited, based on the transaction type, and the details are written to the fisherman sub-ledger. When a payment that was either made or received from a fisherman is posted, the fisherman balance is updated and the details in the fisherman sub-ledger are updated.