What is defined as a record that comprises all control accounts of the institution?

The term that is defined as a record comprising all control accounts of the institution is the General Ledger. The General Ledger serves as the primary accounting record for an organization and includes the total balances of all control accounts, which summarize the financial transactions in various subsidiary ledgers.

The General Ledger provides a complete overview of all financial data and is essential for financial reporting and analysis. It consolidates information from various accounts, allowing for an organized and systematic approach to account management and financial monitoring. The control accounts in the General Ledger help ensure accuracy and provide a means for tracking the overall financial health of the institution.

Other options, while related, do not represent a comprehensive record of all control accounts. Subsidiary asset control and subsidiary liability control pertain to specific forms of records that track detailed information for particular assets and liabilities, whereas the asset control account serves a focused role rather than encompassing the entirety of the institution's financial records.