Described about the chart of accounts?
Submitted by: AdministratorThe chart of accounts is a listing of the general ledger accounts to which amounts can be posted. The chart of accounts is a helpful tool for identifying the best account for recording a transaction.
In some accounting software the chart of accounts may be the means to open new general ledger accounts and to control their position in the financial statements.
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In some accounting software the chart of accounts may be the means to open new general ledger accounts and to control their position in the financial statements.
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