Transcription of Chart of Accounts - AccountingCoach.com
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Chart of Accounts - AccountingCoach.com
(Explanation)Our materials are copyright accountingcoach , LLC and are for personal use by the original purchaser only. We do not allow our materials to be reproduced or distributed AverkampCPA, MBAC hart of AccountsFor personal use by the original purchaser only. Copyright accountingcoach . to Chart of AccountsA Chart of Accounts is a listing of the names of the Accounts that a company has identified and made available for recording transactions in its general ledger. A company has the flexibility to tailor its Chart of Accounts to best suit its needs, including adding Accounts as needed. Within the Chart of Accounts you will find that the Accounts are typically listed in the following order: Balance sheet accountsIncome statement Accounts Assets Liabilities Owner s (Stockholders ) Equity Operating Revenues Operating Expenses Non-operating Revenues and Gains Non-operating Expenses and LossesWithin the categori
A chart of accounts is a listing of the names of the accounts that a company has identified and made available for recording transactions in its general ledger. A company has the flexibility to tailor its chart of accounts to best suit its needs, including adding accounts as needed.
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