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What are the 5 basic charts of accounts?
What is meant by chart of accounts?
What are the 5 basic accounts?
How do you list a chart of accounts?
Chart of accounts
A chart of accounts is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger. Wikipedia
A chart of accounts (COA) is a document listing the financial accounts that you or your accountant will have set up for your business.
The chart of accounts is a list of all the accounts that QuickBooks uses to track your financial data. Each account keeps track of your transactions and shows ...