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Chart of Accounts

Encyclopedia : C : CH : CHA : Chart of Accounts


A chart of accounts is a list of all accounts tracked by a single accounting system, and should be designed to capture financial information to make good financial decisions. Each account in the chart is assigned a unique identifier, typically an account number. Each account in the chart is classified into one of the five categories: Assets, Liabilities, Equity, Income and Expenses.

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Examples of Numbering Systems for Charts of Accounts:

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